Main Str Cap Corp Stock Price, News & Analysis

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.

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

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) reported its Q4 and full-year 2024 results, with Q4 net investment income of $14.2 million ($0.35 per share) and total investment income of $33.5 million. The company's net asset value reached $15.53 per share as of December 31, 2024, up 1.0% from Q3.

Key Q4 highlights include a 13.2% annualized return on equity, declared quarterly dividends of $0.36 per share for Q1 2025 (2.9% increase YoY), and completion of $29.5 million in private loan investments and $30.5 million in lower middle market investments. KBRA reaffirmed MSIF's BBB- investment grade rating.

For full-year 2024, MSIF achieved net investment income of $57.3 million ($1.43 per share) and total investment income of $134.8 million. The company paid quarterly dividends totaling $1.44 per share, representing a 5.1% increase from the previous year.

MSC Income Fund (NYSE: MSIF) has declared two dividends for the second quarter of 2025: a regular quarterly cash dividend of $0.35 per share and a supplemental quarterly cash dividend of $0.01 per share, both payable in May 2025.

These represent the company's first dividend declarations since its NYSE listing on January 29, 2025. The supplemental dividend will be paid from undistributed taxable income as of December 31, 2024.

The final tax attributes for 2025 dividends are expected to include ordinary taxable income, qualified dividends, and potentially capital gains and return of capital. The company maintains a dividend reinvestment plan (DRIP) allowing stockholders to automatically reinvest cash distributions into additional shares unless they opt out.

MSC Income Fund (NYSE: MSIF) has announced a significant amendment to its senior secured revolving credit facility. The amendment includes an $80.0 million increase in total commitments, bringing the total from $165.0 million to $245.0 million. This expansion was achieved through the addition of a new lender, expanding the Corporate Facility's lender group to seven participants.

Additionally, the amendment enhances the accordion feature, increasing the Company's potential to request further commitment increases from $200.0 million to $300.0 million under the same terms and conditions as existing commitments.

Main Street Capital (NYSE: MAIN) reported strong financial results for Q4 and full year 2024. Q4 highlights include net investment income of $90.4 million ($1.02 per share) and total investment income of $140.4 million. The company achieved an industry-leading cost efficiency with an operating expenses ratio of 1.3%.

Net asset value increased to $31.65 per share, up 3.5% from Q3 2024. The company declared monthly dividends of $0.25 per share for Q1 2025, representing a 4.2% increase year-over-year. A supplemental dividend of $0.30 per share was also declared.

For full year 2024, MAIN reported net investment income of $355.1 million ($4.09 per share) and total investment income of $541.0 million. The company completed $465.5 million in lower middle market portfolio investments and $895.5 million in private loan portfolio investments.