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Main Street Announces Fourth Quarter 2024 Private Loan Portfolio Activity
MAINMSCC(MAIN) Prnewswire·2025-01-09 12:00

Core Insights - Main Street Capital Corporation announced significant activity in its private loan portfolio during Q4 2024, with new or increased commitments totaling 123.4millionandtotalinvestmentsfundedamountingto123.4 million and total investments funded amounting to 108.0 million [1] - As of December 31, 2024, Main Street's private loan portfolio had total investments at cost of approximately 2.0billionacross91uniqueborrowers,with95.42.0 billion across 91 unique borrowers, with 95.4% in first lien debt investments and 4.6% in equity investments or other securities [2] Company Overview - Main Street Capital Corporation is a principal investment firm that provides customized long-term debt and equity capital solutions primarily to lower middle market companies, as well as debt capital to private companies owned by or in the process of being acquired by private equity funds [3] - The firm typically supports management buyouts, recapitalizations, growth financings, refinancings, and acquisitions across diverse industry sectors, focusing on companies with annual revenues between 10 million and 150millionforitslowermiddlemarketportfolioandbetween150 million for its lower middle market portfolio and between 25 million and 500millionforitsprivateloanportfolio[3]RecentLoanCommitments−NotablenewprivateloancommitmentsduringQ42024include:−500 million for its private loan portfolio [3] Recent Loan Commitments - Notable new private loan commitments during Q4 2024 include: - 42.3 million in a first lien senior secured loan, 8.5millioninafirstlienseniorsecuredrevolver,and8.5 million in a first lien senior secured revolver, and 12.7 million in a first lien senior secured delayed draw loan to a provider of janitorial services for the food distribution and grocery end markets [5] - 31.6millioninafirstlienseniorsecuredloan,31.6 million in a first lien senior secured loan, 5.0 million in a first lien senior secured revolver, 5.0millioninafirstlienseniorsecureddelayeddrawloan,and5.0 million in a first lien senior secured delayed draw loan, and 1.4 million in equity to a distributor of maintenance and repair parts for the industrial, manufacturing, and automotive end markets [5] - An increased commitment of $11.2 million in an incremental first lien senior secured loan to a provider of dietary supplements and other natural solutions focused on gut health [5]