Main Str Cap Corp Stock Price, News & Analysis

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.

MSC Income Fund (NYSE: MSIF) reported significant private loan portfolio activity in Q1 2025, with new or increased commitments of $135.9 million and funded investments totaling $137.5 million.

Notable investments included:

• $32.4 million in loans and equity for electrical power distribution solutions
• $28.8 million increased investment in chemicals and lubricant additives
• $20.6 million in loans for private aviation maintenance services
• $17.5 million for automotive and healthcare components manufacturing
• $12.5 million in midstream gas infrastructure

As of March 31, 2025, the fund's private loan portfolio reached $790.0 million across 84 companies, with 93.5% in first lien debt investments and 6.5% in equity investments or other securities.

Main Street Capital (NYSE: MAIN) has reported significant private loan portfolio activity for Q1 2025. The company originated $130.4 million in new or increased commitments and funded investments totaling $138.2 million.

Notable investments include:

• $66.5 million in loans and equity for electrical power distribution solutions
• $12.4 million increased commitment for datacenter technical services
• $10.8 million increased commitment for automotive and healthcare components
• $10.6 million for tech-enabled distribution services
• $9.7 million for retail shelving solutions
• $7.5 million for midstream gas infrastructure

As of March 31, 2025, Main Street's private loan portfolio reached $2.0 billion across 90 companies, with 94.7% in first lien debt investments and 5.3% in equity investments or other securities.

Main Street Capital (NYSE: MAIN) has announced a new portfolio investment of $12.5 million to facilitate the minority recapitalization of a leading vascular care management services organization in the Northeastern U.S.

The investment comprises a combination of first lien, senior secured term debt and a direct equity investment. Main Street partnered with the Company's founders for this transaction.

The healthcare company, founded in 2007, operates from two facilities in the Northeastern U.S. and specializes in vascular care, performing vein and arterial procedures. Their services focus on chronic pain alleviation, blood clot risk reduction, and restoration of blood flow in narrowed or blocked arteries. The organization emphasizes a patient-centric approach with a dedicated team of physicians and staff committed to delivering high-quality care.

Main Street Capital (NYSE: MAIN) has announced a significant new portfolio investment of $49.3 million in Moffitt Holdings, facilitating a minority recapitalization. The investment combines first-lien, senior secured term debt and direct equity investment.

Moffitt Services, founded in 2014 and based in Cypress, Texas, is a leading bulk fuel and lubricant distribution solutions provider. The company serves diverse industries through both core and emergency applications, complemented by a rental business focusing on disaster response services. While primarily operating in Texas, Moffitt's service capability extends across most of the continental United States.

MSC Income Fund (NYSE: MSIF) has announced significant amendments to its SPV revolving credit facility through its subsidiary, MSIF Funding, , with JPMorgan Chase Bank. The key modifications include:

1. A reduction in the interest rate from three-month SOFR plus 3.00% to three-month SOFR plus 2.20% per annum

2. An extension of the revolving period through February 2029

3. Extension of the final maturity date to February 2030