Main Street Announces First Quarter 2025 Private Loan Portfolio Activity

Rhea-AI Summary

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.

HOUSTON, April 10, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the following recent activity in its private loan portfolio. During the first quarter of 2025, Main Street originated new or increased commitments in its private loan portfolio of $130.4 million and funded total investments across its private loan portfolio with a cost basis totaling $138.2 million.

The following represent notable new private loan commitments and investments during the first quarter of 2025:

• $55.4 million in a first lien senior secured loan, $9.6 million in a first lien senior secured revolver and $1.5 million in equity to a designer and manufacturer of highly engineered electrical power distribution solutions to datacenters and other power applications;
• Increased commitment of $9.6 million in an incremental first lien senior secured loan, $2.4 million in an incremental first lien senior secured revolver and $0.4 million in incremental equity to a provider of highly technical specialty services to datacenters and various other diverse end markets;
• Increased commitment of $9.7 million in an incremental first lien senior secured loan and $1.1 million in incremental equity to a manufacturer of custom engineered die cut, formed foam, nonwoven and multi-material components for the automotive and healthcare end markets;
• Increased commitment of $10.6 million in an incremental first lien senior secured loan to a provider of tech-enabled distribution services for large blue-chip producers within the food, chemicals and materials industries;
• $8.3 million in a first lien senior secured loan, $1.2 million in a first lien senior secured revolver and $0.2 million in equity to a manufacturer of gravity flow shelving solutions for grocery, convenience and alcohol retailers; and
• $7.5 million in a first lien senior secured loan to a developer and operator of midstream gas infrastructure focused on providing gas treatment, processing and transportation services in the Delaware Basin.

As of March 31, 2025, Main Street's private loan portfolio included total investments at cost of approximately $2.0 billion across 90 unique companies. The private loan portfolio, as a percentage of cost, included 94.7% invested in first lien debt investments and 5.3% invested in equity investments or other securities.

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 alternatives 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 $10 million and $150 million. Main Street's private loan portfolio companies generally have annual revenues between $25 million and $500 million.

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.

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

View original content:https://www.prnewswire.com/news-releases/main-street-announces-first-quarter-2025-private-loan-portfolio-activity-302425018.html

SOURCE Main Street Capital Corporation

FAQ

How much did Main Street Capital (MAIN) invest in Q1 2025?

Main Street funded total investments of $138.2 million and originated $130.4 million in new or increased commitments during Q1 2025.

What is the current size of MAIN's private loan portfolio as of March 2025?

Main Street's private loan portfolio reached $2.0 billion across 90 unique companies as of March 31, 2025.

What was MAIN's largest investment in Q1 2025?

The largest investment was $66.5 million in loans and equity for a designer and manufacturer of electrical power distribution solutions for datacenters.

How is MAIN's private loan portfolio structured as of Q1 2025?

The portfolio consists of 94.7% first lien debt investments and 5.3% equity investments or other securities.

Which industries did MAIN invest in during Q1 2025?

MAIN invested in datacenter power solutions, technical services, automotive/healthcare components, food distribution, retail shelving, and midstream gas infrastructure.