MSC Income Fund Announces Third Quarter 2026 Private Loan Portfolio Activity

Quarterly activity included secured loans and equity investments in three disclosed businesses.

Rhea-AI Summary

MSC Income Fund (MSIF) originated new or increased private loan commitments totaling $62.2 million during the third quarter of 2026.

The Fund funded investments across its private loan portfolio with a total cost basis of $61.4 million. Notable commitments and investments involved a manufacturer representation and power systems integration provider, a medium-voltage cable distributor and an industrial mixing equipment manufacturer.

As of September 30, 2026, the portfolio held investments at cost of approximately $849.6 million across 81 unique companies. First lien senior secured debt accounted for 90.1% of portfolio cost, with equity investments or other securities representing 9.9%.

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Positive

• Moderate pointPrivate loan investments funded during the third quarter of 2026 had a cost basis totaling $61.4 million. 1.2% of market cap
• Minor pointPower systems services provider commitments and investments included $14.1 million term loan, $2.6 million revolver, $5.1 million delayed draw loan and $0.6 million equity.
• Minor pointMedium-voltage cable distributor commitments and investments included $6.7 million term loan, $3.8 million revolver, $4.2 million delayed draw loan and $0.3 million equity.
• Minor pointIndustrial mixing equipment manufacturer commitments and investments included $10.9 million term loan, $3.2 million revolver and $1.0 million equity.

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• None.

Key Figures

New or increased commitments: $62.2 million Funded investments at cost basis: $61.4 million Portfolio investments at cost: Approximately $849.6 million +3 more

New or increased commitments

$62.2 million

Private loan portfolio activity during the third quarter of 2026

Funded investments at cost basis

$61.4 million

Private loan portfolio activity during the third quarter of 2026

Portfolio investments at cost

Approximately $849.6 million

As of September 30, 2026

Unique companies

81 companies

Private loan portfolio as of September 30, 2026

First lien senior secured debt

90.1%

Share of portfolio cost

Equity investments or other securities

9.9%

Share of portfolio cost

Key Terms

first lien senior secured term loan, first lien senior secured revolver, delayed draw term loan

3 terms

first lien senior secured term loan financial

"$14.1 million in a first lien senior secured term loan"

A first lien senior secured term loan is a company loan that must be repaid before other debts and is backed by specific assets as collateral; it carries a fixed schedule for principal repayment over a set period. Think of it like a first mortgage on a house: if the borrower can’t pay, this lender has the first right to the pledged assets. Investors watch these loans because their priority and collateral reduce credit risk and influence expected recovery, interest costs, and a company’s overall financial flexibility.

first lien senior secured revolver financial

"$2.6 million in a first lien senior secured revolver"

A first lien senior secured revolver is a company’s revolving credit line that is backed by specific assets and has the highest priority claim if the company defaults. Think of it like a secured credit card where the lender holds first dibs on pledged collateral; it matters to investors because this debt is repaid before most other obligations and affects a company’s financial flexibility, default risk, and the safety of equity or subordinated debt.

delayed draw term loan financial

"$5.1 million in a first lien senior secured delayed draw term loan"

A delayed draw term loan is a financing agreement that lets a borrower take one or more lump-sum loans from a lender at agreed future dates within a set time window instead of receiving all funds up front. It matters to investors because it changes when and how much debt a company will carry, affecting cash flexibility, interest costs and risk exposure—think of it like an approved credit line you only tap when you need cash for a project.

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HOUSTON, Oct. 8, 2026 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) ("MSC Income" or the "Fund") is pleased to announce the following recent activity in its private loan portfolio. During the third quarter of 2026, MSC Income originated new or increased commitments in its private loan portfolio totaling $62.2 million and funded total investments across its private loan portfolio with a cost basis totaling $61.4 million.

The following represent notable new private loan commitments and investments during the third quarter of 2026:

• $14.1 million in a first lien senior secured term loan, $2.6 million in a first lien senior secured revolver, $5.1 million in a first lien senior secured delayed draw term loan and $0.6 million in equity to a provider of manufacturer representation and power systems integration services;
• $6.7 million in a first lien senior secured term loan, $3.8 million in a first lien senior secured revolver, $4.2 million in a first lien senior secured delayed draw term loan and $0.3 million in equity to a distributor of medium-voltage cables and accessories; and
• $10.9 million in a first lien senior secured term loan, $3.2 million in a first lien senior secured revolver and $1.0 million in equity to a manufacturer of industrial mixing equipment.

As of September 30, 2026, MSC Income's private loan portfolio included total investments at cost of approximately $849.6 million across 81 unique companies. The private loan portfolio, as a percentage of cost, included 90.1% invested in first lien senior secured debt investments and 9.9% invested in equity investments or other securities.

ABOUT MSC INCOME FUND, INC.
The Fund (www.mscincomefund.com) is a principal investment firm that primarily provides debt capital to private companies owned by or in the process of being acquired by a private equity fund. The Fund's portfolio investments are typically made to support leveraged buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. The Fund seeks to partner with private equity fund sponsors and primarily invests in secured debt investments within its private loan investment strategy. The Fund also maintains a portfolio of customized long-term debt and equity investments in lower middle market companies, and through those investments, the Fund has partnered with entrepreneurs, business owners and management teams in co-investments with Main Street Capital Corporation (NYSE: MAIN) ("Main Street") utilizing the customized "one-stop" debt and equity financing solutions provided in Main Street's lower middle market investment strategy. The Fund's private loan portfolio companies generally have annual revenues between $25 million and $500 million. The Fund's lower middle market portfolio companies generally have annual revenues between $10 million and $150 million.

ABOUT MAIN STREET CAPITAL PARTNERS
MSC Adviser I, LLC dba Main Street Capital Partners ("MSCP") is a wholly-owned subsidiary of Main Street that is registered as an investment adviser under the Investment Advisers Act of 1940, as amended. MSCP serves as the investment adviser and administrator of the Fund in addition to several other advisory clients.

Contacts:
MSC Income Fund, Inc.
Dwayne L. Hyzak, CEO, dhyzak@mainstcapital.com
Cory E. Gilbert, CFO, cgilbert@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/msc-income-fund-announces-third-quarter-2026-private-loan-portfolio-activity-302901703.html

SOURCE MSC Income Fund, Inc.

FAQ

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How much private loan activity did MSC Income Fund report for the third quarter of 2026?

MSC Income Fund originated new or increased commitments totaling $62.2 million and funded investments with a cost basis totaling $61.4 million during the third quarter of 2026.

How large was MSC Income Fund's private loan portfolio at September 30, 2026?

The private loan portfolio held investments at cost of approximately $849.6 million across 81 unique companies. By cost, 90.1% was invested in first lien senior secured debt and 9.9% in equity investments or other securities.

What security ranking did MSC Income Fund's notable third-quarter 2026 loans have?

All the disclosed term loans, revolving credit facilities and delayed draw term loans were first lien senior secured, giving them a first-priority claim on pledged collateral. The notable investments also included equity in each of the three businesses.