Main Street Capital Corporation

10/01/2024 | Press release | Distributed by Public on 10/01/2024 07:24

Material Agreement Form 8 K

NEWS RELEASE
Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO, [email protected]
Ryan R Nelson, CFO, [email protected]
713-350-6000
Dennard Lascar Investor Relations
Ken Dennard / [email protected]
Zach Vaughan / [email protected]
713-529-6600
Main Street Announces
Amendment of its SPV Credit Facility
Total Commitments Increased to $600.0 Million
Final Maturity of the Facility Extended to September 2029
HOUSTON - October 1, 2024 - Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is
pleased to announce that its wholly-owned subsidiary, MSCC Funding I, LLC ("MSCC Funding"),
recently amended its special purpose vehicle revolving credit facility (the "SPV Facility"). The
recently closed amendment provides an increase in total commitments from $430.0 million to $600.0
million, while maintaining an expanded accordion feature that allows for an increase up to $800.0
million of total commitments from new and existing lenders on the same terms and conditions as the
existing commitments. The amendment also extends the revolving period, or reinvestment period,
through September 2027 and the final maturity date to September 2029. The amendment also
decreases the interest rate during the revolving period to one-month Term SOFR ("SOFR") plus
2.35% (from the prior interest rate of SOFR plus 2.50% plus a 0.10% credit spread adjustment, or
SOFR plus 2.60% in total) and during the first and second years after the revolving period to SOFR
plus 2.475% and 2.60%, respectively (from the prior interest rate of SOFR plus 2.625% and 2.75%,
respectively).
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) 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. Main Street's portfolio investments are typically made to support management buyouts,
recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse
industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management
teams and generally provides "one stop" financing alternatives within its lower middle market
investment strategy. Main Street's lower middle market portfolio companies generally have annual
revenues between $10 million and $150 million. Main Street's middle market portfolio companies are
generally larger in size than its lower middle market portfolio companies.
Main Street, through its wholly owned portfolio company MSC Adviser I, LLC ("MSC Adviser"),
also maintains an asset management business through which it manages investments for external
parties. MSC Adviser is registered as an investment adviser under the Investment Advisers Act of
1940, as amended.
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements, including but not limited to the
availability of future financing capacity under its credit facilities, which are based upon Main Street
management's current expectations and are inherently uncertain. Any such statements other than
statements of historical fact are likely to be affected by other unknowable future events and conditions,
including elements of the future that are or are not under Main Street's control, and that Main Street
may or may not have considered; accordingly, such statements cannot be guarantees or assurances of
any aspect of future performance. Actual performance, events and results could vary materially from
these estimates and projections of the future as a result of a number of factors, including those
described from time to time in Main Street's filings with the Securities and Exchange Commission.
Such statements speak only as of the time when made and are based on information available to Main
Street as of the date hereof and are qualified in their entirety by this cautionary statement. Main Street
assumes no obligation to revise or update any such statement now or in the future.
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