Core Viewpoint - MSC Income Fund, Inc. has declared a regular quarterly cash dividend of $0.35 per share and a supplemental quarterly cash dividend of $0.01 per share, both payable on May 1, 2025, marking the company's first dividends since its NYSE listing on January 29, 2025 [1][3]. Dividend Details - The regular quarterly cash dividend of $0.35 per share is set for the second quarter of 2025, with a record date of March 31, 2025 [2]. - The supplemental quarterly cash dividend of $0.01 per share will also be paid in May 2025, sourced from the company's undistributed taxable income as of December 31, 2024 [2][3]. Company Overview - MSC Income Fund, Inc. is a principal investment firm that primarily provides debt capital to private companies, focusing on leveraged buyouts, recapitalizations, growth financings, refinancings, and acquisitions across diverse industry sectors [6]. - The company partners with private equity fund sponsors and invests mainly in secured debt investments, with portfolio companies typically generating annual revenues between $25 million and $500 million [6]. - The company also maintains a portfolio of customized long-term debt and equity investments in lower middle market companies, which generally have annual revenues between $10 million and $150 million [6]. Investment Advisory - MSC Adviser I, LLC, a wholly owned subsidiary of Main Street, serves as the investment adviser and administrator for MSC Income Fund, Inc. [7].

Group 1 - The Company announced an amendment to its senior secured revolving credit facility, increasing total commitments from $165.0 million to $245.0 million, representing an $80.0 million increase [1] - The amendment also raised the accordion feature, allowing the Company to request increases in commitments from a total of $200.0 million to $300.0 million [1] - The increase in total commitments was facilitated by the addition of a new lender, expanding the lender group to seven participants [1] Group 2 - MSC Income Fund, Inc. primarily provides debt capital to private companies, particularly those owned by or in the process of being acquired by private equity funds [2] - The Company's portfolio investments support leveraged buyouts, recapitalizations, growth financings, refinancings, and acquisitions across diverse industry sectors [2] - The Company focuses on secured debt investments and maintains a portfolio of customized long-term debt and equity investments in lower middle market companies, with annual revenues typically between $10 million and $150 million [2]

Core Insights - Studio City International Holdings Limited reported a total operating revenue of US$152.9 million for Q4 2024, an increase from US$141.3 million in Q4 2023, driven by the recovery in inbound tourism in Macau [2][17] - The company generated gross gaming revenues of US$321.8 million in Q4 2024, up from US$294.8 million in Q4 2023 [3] - The net loss attributable to Studio City for Q4 2024 was US$27.7 million, compared to a net loss of US$18.6 million in Q4 2023 [10][19] Financial Performance - Total operating revenues for the full year 2024 reached US$639.1 million, a significant increase from US$445.5 million in 2023 [17] - Operating income for 2024 was US$38.1 million, a turnaround from an operating loss of US$29.0 million in 2023 [18] - Adjusted EBITDA for 2024 was US$245.3 million, compared to US$159.2 million in 2023, reflecting higher revenues despite increased operating costs [18] Gaming Operations - Studio City Casino's rolling chip volume decreased to US$165.0 million in Q4 2024 from US$566.0 million in Q4 2023, with a win rate of 3.48% compared to 1.86% in the previous year [4] - Mass market table games drop increased to US$891.7 million in Q4 2024, up from US$864.1 million in Q4 2023, with a hold percentage of 32.1% [5] - Gaming machine handle for Q4 2024 was US$888.9 million, compared to US$778.3 million in Q4 2023, with a win rate of 3.3% [6] Revenue Breakdown - Revenue from casino contracts for Q4 2024 was US$63.6 million, up from US$57.0 million in Q4 2023 [7] - Total non-gaming revenues for Q4 2024 were US$89.3 million, compared to US$84.3 million in Q4 2023 [8] - The average daily rate for rooms in Q4 2024 was US$175, compared to US$163 in Q4 2023, with an occupancy rate of 97% [37] Financial Position - As of December 31, 2024, total cash and bank balances were US$127.8 million, down from US$228.2 million a year earlier [14] - Total debt at the end of Q4 2024 was US$2.16 billion, a decrease from US$2.34 billion at the end of 2023 [14] - Capital expenditures for Q4 2024 were US$25.6 million [16]

Group 1 - The MSC Income Fund, Inc. will release its fourth quarter and full year 2024 results on March 19, 2025, after market close [1] - A conference call is scheduled for March 20, 2025, at 10:00 a.m. Eastern Time, which will be available via phone and webcast [1] - Investors can access the conference call by dialing 412-902-0030 or through the Company's website [1] Group 2 - MSC Income Fund, Inc. primarily provides debt capital to private companies, focusing on leveraged buyouts, recapitalizations, and growth financings [2] - The Company invests in secured debt within its private loan investment strategy, partnering with private equity fund sponsors [2] - The portfolio companies typically have annual revenues between $25 million and $500 million for private loans, and between $10 million and $150 million for lower middle market investments [2] Group 3 - MSC Adviser I, LLC is a wholly owned subsidiary of Main Street, registered as an investment adviser, managing investments for external parties including the Company [3]

Core Points - MSC Income Fund, Inc. successfully closed a public offering of 5,500,000 shares at a price of $15.53 per share, with total sales reaching 6,325,000 shares after the underwriters exercised their overallotment option [1][2] - The net proceeds from the offering amount to approximately $91 million, which will primarily be used to repay outstanding debt and for general corporate purposes [2][4] Company Overview - MSC Income is a business development company that provides debt capital to private companies, particularly those owned by private equity funds, focusing on leveraged buyouts, recapitalizations, and growth financings [4] - The company invests in secured debt and maintains a portfolio of long-term debt and equity investments in lower middle market companies, typically with annual revenues between $10 million and $500 million [4] Management and Advisory - MSC Adviser I, LLC, a wholly owned subsidiary of Main Street, serves as the investment adviser for MSC Income, managing investments for external parties [5]

Public Offering Details - MSC Income Fund Inc priced its public offering of 5,500,000 shares of common stock at $15.53 per share [1] - The shares are expected to begin trading on the New York Stock Exchange under the symbol "MSIF" on January 29, 2025 [1] - The underwriters have an option to purchase up to an additional 825,000 shares to cover overallotments [1] - The closing of the offering is subject to customary closing conditions, with shares expected to be delivered on or about January 30, 2025 [1] Use of Proceeds - The company intends to use the net proceeds to repay outstanding debt under its credit facilities [2] - After repayment, the company plans to re-borrow under the credit facilities to make investments in accordance with its investment objective and strategies, pay operating expenses, and for general corporate purposes [2] Underwriters and Managers - RBC Capital Markets, Truist Securities, Raymond James, UBS Investment Bank, and Keefe, Bruyette & Woods are acting as joint book-running managers for the offering [3] - B Riley Securities, Citizens JMP, Sanders Morris, Clear Street, Comerica Securities, Texas Capital Securities, and Zions Capital Markets are acting as co-managers for the offering [3] Registration and Prospectus - A registration statement relating to these securities was filed with the SEC and declared effective on January 28, 2025 [4] - The preliminary prospectus dated January 21, 2025, contains information about the company and should be read carefully before investing [5] Company Overview - MSC Income Fund Inc is a principal investment firm that primarily provides debt capital to private companies owned by or in the process of being acquired by a private equity fund [8] - The company also provides customized long-term debt and equity capital solutions to lower middle market companies [8] - Portfolio investments typically support leveraged buyouts, recapitalizations, growth financings, refinancings, and acquisitions across diverse industry sectors [8] - The company seeks to partner with private equity fund sponsors and primarily invests in secured debt investments within its private loan investment strategy [8] - Private loan portfolio companies generally have annual revenues between $25 million and $500 million, while lower middle market portfolio companies have annual revenues between $10 million and $150 million [8] Investment Adviser - MSC Adviser I LLC is a wholly owned subsidiary of Main Street Capital Corporation (NYSE: MAIN) and is registered as an investment adviser under the Investment Advisers Act of 1940 [9] - MSC Adviser I LLC currently manages investments for external parties, including MSC Income Fund Inc [9]

Company Announcement - Sara Dulski, General Manager of Metalworking at MSC Industrial Supply Co, has been appointed to the Industry Supply Association (ISA) Board of Directors [1] - Sara leads a portfolio including metalworking production tools and innovative value-added services at MSC [2] - Sara expressed enthusiasm about collaborating with the ISA Board to strengthen the industrial supply channel [4] Industry Association - ISA is the channel association for the industrial Maintenance, Repair, Operations and Production (MROP) industry [3] - ISA connects partners within the industrial supply channel and provides networking, education, strategies, analytics, and tools [3] - ISA members include industrial manufacturers [3] Company Overview - MSC Industrial Supply Co is a leading North American distributor of metalworking and MRO products and services [7] - The company offers approximately 2.4 million products, inventory management, and supply chain solutions [7] - MSC has over 7,000 associates and more than 80 years of industry experience [7] Leadership Perspective - Brendan Breen, ISA CEO, highlighted Sara's background and passion for driving innovation in the industrial space [4] - Sara's leadership at MSC and understanding of industry challenges will help ISA deliver value to its members [4]

HOUSTON, Jan. 21, 2025 /PRNewswire/ -- MSC Income Fund, Inc. ("MSC Income" or the "Company"), an externally managed business development company, today announced that it has commenced a public offering of 4,850,000 shares of its common stock. The public offering price per share of the common stock is expected to be $15.53. MSC Income is expected to list its common stock on the New York Stock Exchange under the symbol "MSIF." MSC Income expects to grant the underwriters an option to purchase up to an additio ...

Financial Performance - Net sales for FY25 Q1 decreased by 2.7% YoY to $928.5 million [2] - Income from operations declined by 28.8% YoY to $72.3 million, with an operating margin of 7.8% [2] - Net income attributable to MSC dropped by 32.8% YoY to $46.6 million, with diluted EPS at $0.83 [2] - Adjusted income from operations stood at $74.6 million, a 28.0% YoY decrease, with an adjusted operating margin of 8.0% [2] - Adjusted net income attributable to MSC was $48.4 million, down 31.8% YoY, with adjusted diluted EPS at $0.86 [2] Management Commentary - CEO Erik Gershwind highlighted solid performance in a challenging environment, with growth in the Public Sector and expansion of solutions footprint [4] - CFO Kristen Actis-Grande noted that adjusted operating margin exceeded expectations by approximately 50 basis points, driven by higher-than-expected revenue [4] - The company generated significant free cash flow, enabling shareholder returns through dividends and share repurchases [4] - Despite near-term soft macro conditions, the company remains bullish on long-term growth, supported by productivity initiatives and the Mission Critical strategy [4] Financial Outlook - For Q2 FY25, the company expects ADS growth to range between (5.0)% and (3.0)%, with adjusted operating margin projected at 6.5% to 7.5% [5] - Full-year FY25 outlook for certain financial metrics has been maintained, with guidance provided on a non-GAAP adjusted basis [6] Balance Sheet and Cash Flow - Cash and cash equivalents increased to $57.3 million as of November 30, 2024, up from $29.6 million at the end of the previous quarter [13] - Net cash provided by operating activities was $101.9 million, compared to $81.2 million in the prior year quarter [15] - Capital expenditures for the quarter were $20.2 million, slightly higher than the $18.4 million in the same period last year [15] Non-GAAP Financial Measures - The company uses non-GAAP financial measures to exclude restructuring and other costs, providing a clearer view of operating performance [17][20] - Adjusted financial measures for FY25 Q1 include adjusted income from operations of $74.6 million and adjusted net income of $48.4 million [2][21]

MSC Industrial Direct Co., Inc. MSM will release its first-quarter financial results, before the opening bell, on Wednesday, Jan. 8, 2025.Analysts expect the Melville, New York-based company to report quarterly earnings at 73 cents per share, down from $1.25 per share in the year-ago period. MSC Industrial Direct projects quarterly revenue of $904.59 million, compared to $953.97 million a year earlier, according to data from Benzinga Pro.On Dec. 18, MSC Industrial Supply announced that its board has declare ...