NEWS TIPS  ·   Advertise  ·   Post Jobs  ·   About Us  ·   Contact Us  ·   Log In  ·   Register

Click to Zoom
Print Email
Feb 15 2017

Hines BDC Invests in NuStep

HMS Income Fund Inc., a non-traded business development company sponsored by Hines, completed an $8.2 million first-lien, senior secured term debt to facilitate the majority recapitalization of NuStep Inc.

The deal was co-invested with Main Street Capital Corporation (NYSE: MAIN), a publicly traded business development company and the parent of HMS Income Fund’s sub-adviser.

NuStep is the leading manufacturer of recumbent cross-trainers focused primarily on the physical therapy, physical rehabilitation and active aging markets.



HMS Income Fund makes debt and equity investments in middle market companies, with annual revenues generally between $10 million and $3 billion, and in lower middle market companies, with annual revenues between $10 million and $150 million. As of September 30th, the company’s portfolio had a total value of approximately $932.6 million and a weighted average effective annual yield of approximately 8.5 percent.

Click here to visit The DI Wire directory page.

Article by: The DI Wire


Share this article!

Print Email


Directory Spotlight





The DI Wire's Email Alerts