Main Street Prices Public Offering of $300 Million of 6.50% Notes due 2027

Core Viewpoint - Main Street Capital Corporation has announced a public offering of $300 million in 6.50% notes due 2027, with the offering expected to close on June 4, 2024 [1][2]. Group 1: Offering Details - The notes will have a fixed interest rate of 6.50% per year, payable semiannually, and will mature on June 4, 2027 [1]. - The notes may be redeemed at Main Street's option at any time at par plus a "make-whole" premium, if applicable [1]. Group 2: Use of Proceeds - The net proceeds from the offering will initially be used to repay outstanding indebtedness, including amounts under Main Street's corporate revolving credit facility and special purpose vehicle revolving credit facility [2]. - Following the repayment, the proceeds will be used for investments in accordance with Main Street's investment objectives, marketable securities, idle funds investments, operating expenses, and general corporate purposes [2]. Group 3: Underwriters - Truist Securities, Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, and SMBC Nikko Securities America, Inc. are acting as joint bookrunners for the offering [3]. - Several firms, including Raymond James & Associates, Inc. and Regions Securities LLC, are acting as co-managers for the offering [3]. Group 4: Company Overview - Main Street Capital Corporation is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies [7]. - The firm focuses on management buyouts, recapitalizations, growth financings, refinancings, and acquisitions across diverse industry sectors [7]. - Main Street's lower middle market portfolio companies typically have annual revenues between $10 million and $150 million [7].