Welcome to our dedicated page for Main Str Cap news (Ticker: MAIN), a resource for investors and traders seeking the latest updates and insights on Main Str Cap stock.
Main Street Capital Corporation (NYSE: MAIN) specializes in customized debt and equity solutions for lower middle market companies, serving as a strategic financing partner for growth initiatives and complex transactions. This news hub provides investors and stakeholders with timely updates on the firm's financial activities and market positioning.
Access comprehensive coverage of MAIN's earnings announcements, strategic partnerships, and portfolio developments. Our curated collection features official press releases about acquisitions, dividend declarations, and management changes, alongside analysis of market trends impacting the firm's investment strategies.
Key focus areas include updates on middle market debt financing deals, equity investment milestones, and operational developments within MAIN's asset management subsidiary. Bookmark this page to monitor the company's evolving role in facilitating management buyouts, recapitalizations, and sector-specific growth financings.
MSC Income Fund (NYSE: MSIF) has announced two dividend distributions for August 2025: a regular quarterly dividend of $0.35 per share and a supplemental quarterly dividend of $0.01 per share. Both dividends will be paid on August 1, 2025, to shareholders of record as of June 30, 2025. The supplemental dividend will be paid from the Company's undistributed taxable income as of March 31, 2025. MSIF maintains a dividend reinvestment plan (DRIP) allowing registered stockholders to automatically reinvest their dividends in additional company shares unless they specifically opt out.
Main Street Capital Corporation (NYSE: MAIN) has announced a significant partial exit from its investment in Heritage Vet Partners, resulting in a $55.5 million realized gain. The exit came through a majority recapitalization with a new financial sponsor. Main Street's initial investment in December 2020 included a $10.5 million first lien term loan and a $7.0 million direct equity investment.
The investment proved highly successful, with Heritage completing 18 follow-on acquisitions and Main Street's debt investment growing to $69.5 million. The exit generated impressive returns, including $7.4 million in total dividends and achieved a 72.2% IRR and 10.0x return on the equity investment. Combined debt and equity investments yielded a 32.2% IRR and 2.1x return.
Main Street Capital (NYSE: MAIN) has successfully amended its revolving credit facility with several key improvements. The amendment includes a reduction in interest rates to SOFR plus 0.10% plus either 1.775% or 1.65% (based on certain conditions). The facility's total commitments have been increased from $1.110 billion to $1.145 billion, with an accordion feature allowing expansion up to $1.718 billion. Additionally, the amendment extends both the revolving period to April 2029 and the final maturity date to April 2030. The facility maintains flexibility with options for up to two additional years of extension, subject to conditions and lender approval, while preserving its diverse lending group of 19 lenders.
Main Street Capital (NYSE: MAIN) has announced key amendments to its SPV revolving credit facility through its subsidiary MSCC Funding I, The changes include:
- A reduction in interest rate during the revolving period to Term SOFR plus 1.95% (previously Term SOFR plus 2.35%)
- Lower interest rates for post-revolving periods: Term SOFR plus 2.075% for first year and 2.20% for second year (down from 2.475% and 2.60% respectively)
- Extension of revolving period through September 2028
- Extension of final maturity date to September 2030
- Decrease in unused fee to 0.40% on unused amounts up to 50% of commitment amount (previously 0.50% up to 35%)
MSC Income Fund (NYSE: MSIF) has announced its schedule for the first quarter 2025 earnings release and conference call. The company will release its Q1 2025 financial results on Monday, May 12, 2025 after market close, followed by a conference call on Tuesday, May 13, 2025 at 10:00 a.m. Eastern time.
Investors can participate through two channels:
- Phone access: Dial 412-902-0030 (replay available until May 20, 2025 via 201-612-7415, access code 13752815#)
- Webcast: Available through the Investor Relations section at www.mscincomefund.com
Main Street Capital (NYSE: MAIN) has released preliminary estimates for Q1 2025, showcasing strong operating performance. The company expects net investment income (NII) of $1.00-$1.02 per share and distributable net investment income (DNII) of $1.06-$1.08 per share.
The company's net asset value (NAV) per share is estimated at $32.00-$32.06, representing a 1.1-1.3% increase from $31.65 as of December 31, 2024. This marks the eleventh consecutive quarter of record NAV per share. The company achieved an estimated quarterly annualized return on equity exceeding 16%.
Investment activities included $86.2 million in lower middle market investments, $138.2 million in private loan portfolio investments, and a net decrease of $44.2 million in middle market investments. Non-accrual investments represented 1.7% of the portfolio at fair value and 4.5% at cost.
FAQ
What is the current stock price of Main Str Cap (MAIN)?
What is the market cap of Main Str Cap (MAIN)?
