Main Street Announces Amendment of its Corporate Credit Facility
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) ha modificato con successo la sua linea di credito revolving introducendo diversi miglioramenti chiave. L'emendamento prevede una riduzione dei tassi di interesse a SOFR più 0,10% più un ulteriore 1,775% o 1,65% (a seconda di determinate condizioni). L'importo totale della linea di credito è stato incrementato da 1,110 miliardi di dollari a 1,145 miliardi di dollari, con una clausola accordion che consente di estenderla fino a 1,718 miliardi di dollari. Inoltre, l'emendamento estende il periodo revolving fino ad aprile 2029 e la scadenza finale fino ad aprile 2030. La linea mantiene una flessibilità che prevede la possibilità di ulteriori due anni di estensione, soggetti a condizioni e all'approvazione dei finanziatori, preservando al contempo il suo gruppo diversificato di 19 istituti di credito.
Main Street Capital (NYSE: MAIN) ha modificado con éxito su línea de crédito revolvente con varias mejoras clave. La enmienda incluye una reducción en las tasas de interés a SOFR más 0,10% más un 1,775% o 1,65% (según ciertas condiciones). Los compromisos totales de la línea se han incrementado de $1.110 mil millones a $1.145 mil millones, con una opción accordion que permite expandirla hasta $1.718 mil millones. Además, la enmienda extiende el período revolvente hasta abril de 2029 y la fecha de vencimiento final hasta abril de 2030. La línea mantiene flexibilidad con opciones para hasta dos años adicionales de extensión, sujeto a condiciones y aprobación de los prestamistas, mientras conserva su diverso grupo de 19 prestamistas.
Main Street Capital (NYSE: MAIN)은 여러 핵심 개선 사항을 포함하여 회전 신용 시설을 성공적으로 개정하였습니다. 이번 개정안에는 SOFR에 0.10%와 1.775% 또는 1.65%(특정 조건에 따라 다름)를 더한 이자율 인하가 포함되어 있습니다. 시설의 총 약정금액은 11억 1,000만 달러에서 11억 4,500만 달러로 증가했으며, 최대 17억 1,800만 달러까지 확장할 수 있는 어코디언 기능도 포함되어 있습니다. 또한, 개정안은 회전 기간을 2029년 4월까지, 최종 만기일을 2030년 4월까지 연장하였습니다. 이 시설은 조건과 대출 기관 승인에 따라 최대 2년 추가 연장 옵션을 제공하며, 19개의 다양한 대출 기관 그룹을 유지하는 유연성을 갖추고 있습니다.
Main Street Capital (NYSE: MAIN) a réussi à modifier sa facilité de crédit renouvelable avec plusieurs améliorations clés. L'amendement inclut une réduction des taux d'intérêt à SOFR plus 0,10 % plus soit 1,775 % ou 1,65 % (selon certaines conditions). L'engagement total de la facilité a été augmenté de 1,110 milliard de dollars à 1,145 milliard de dollars, avec une option accordéon permettant une extension jusqu'à 1,718 milliard de dollars. De plus, l'amendement prolonge la période renouvelable jusqu'en avril 2029 et la date d'échéance finale jusqu'en avril 2030. La facilité conserve une flexibilité avec des options pour jusqu'à deux années supplémentaires d'extension, sous réserve de conditions et de l'approbation des prêteurs, tout en maintenant son groupe diversifié de 19 prêteurs.
Main Street Capital (NYSE: MAIN) hat seine revolvierende Kreditfazilität erfolgreich mit mehreren wesentlichen Verbesserungen geändert. Die Änderung beinhaltet eine Senkung der Zinssätze auf SOFR plus 0,10% zuzüglich entweder 1,775% oder 1,65% (je nach bestimmten Bedingungen). Die Gesamtkreditlinie wurde von 1,110 Milliarden USD auf 1,145 Milliarden USD erhöht, mit einer Accordion-Klausel, die eine Erweiterung auf bis zu 1,718 Milliarden USD ermöglicht. Zudem wird die revolvierende Laufzeit bis April 2029 und das Endfälligkeitsdatum bis April 2030 verlängert. Die Fazilität behält eine Flexibilität mit Optionen für bis zu zwei zusätzliche Jahre Verlängerung, vorbehaltlich Bedingungen und Zustimmung der Kreditgeber, während sie ihre vielfältige Kreditgebergruppe von 19 Kreditinstituten beibehält.
- Decreased interest rate on the credit facility, reducing borrowing costs
- Increased total commitments by $35 million to $1.145 billion
- Extended maturity date to April 2030, providing longer-term funding stability
- Maintained accordion feature allowing expansion up to $1.718 billion
- Preserved diverse lending group of 19 lenders
- None.
Interest Rate Decreased
Total Commitments Increased to
Final Maturity Date Extended to April 2030
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides customized long-term debt and equity capital solutions to lower middle market companies and debt capital to private companies owned by or in the process of being acquired by a private equity fund. 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 customized "one-stop" debt and equity financing solutions within its lower middle market investment strategy. Main Street seeks to partner with private equity fund sponsors and primarily invests in secured debt investments in its private loan investment strategy. Main Street's lower middle market portfolio companies generally have annual revenues between
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.
Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO, dhyzak@mainstcapital.com
Ryan R Nelson, CFO, rnelson@mainstcapital.com
713-350-6000
Dennard Lascar Investor Relations
Ken Dennard / ken@dennardlascar.com
Zach Vaughan / zvaughan@dennardlascar.com
713-529-6600
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SOURCE Main Street Capital Corporation
FAQ
What changes were made to Main Street Capital's (MAIN) credit facility in May 2025?
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