Main Street Announces Amendment of its SPV Credit Facility
MSCCMSCC(US:MAIN) Prnewswire·2024-10-01 11:00

Group 1 - Main Street Capital Corporation's subsidiary MSCC Funding has increased its revolving credit facility commitments from $430.0 million to $600.0 million, with the potential to expand up to $800.0 million [1] - The amendment extends the revolving period through September 2027 and the final maturity date to September 2029 [1] - The interest rate during the revolving period has been reduced to one-month Term SOFR plus 2.35%, down from SOFR plus 2.60% [1] Group 2 - Main Street Capital Corporation primarily provides long-term debt and equity capital to lower middle market companies, with portfolio companies typically generating annual revenues between $10 million and $150 million [2] - The company also engages in asset management through its wholly owned portfolio company MSC Adviser I, LLC, which manages investments for external parties [3]