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: $61.4 million Portfolio investments at cost: $849.6 million +3 more

New or increased commitments

$62.2 million

Third quarter of 2026; private loan portfolio

Funded investments at cost

$61.4 million

Third quarter of 2026; private loan portfolio

Portfolio investments at cost

$849.6 million

As of September 30, 2026

Portfolio companies

81 companies

As of September 30, 2026

First lien senior secured debt

90.1%

Percentage of portfolio cost

Equity investments or other securities

9.9%

Percentage of portfolio cost

Key Terms

first lien senior secured debt, delayed draw term loan, revolver, cost basis

4 terms

first lien senior secured debt financial

"90.1% invested in first lien senior secured debt investments"

A type of loan or bond that gives its holders the top claim on a borrower's pledged assets and on repayment before other creditors; 'first lien' means they are first in line, 'senior' means higher priority than other debt, and 'secured' means the debt is backed by specific collateral. Investors view it as lower-risk than unsecured or junior debt because it improves the chance of getting repaid if the borrower defaults, typically leading to lower interest but greater recovery priority.

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.

revolver financial

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

A revolver is a revolving credit facility — a line of borrowing a company can draw, repay and draw again as needed, similar to a corporate credit card for short-term cash needs. It matters to investors because it provides liquidity and flexibility to cover expenses, smooth cash flow swings, or bridge financing gaps; the size, cost and covenants of the revolver affect a company’s interest costs, financial health and default risk.

cost basis financial

"funded total investments across its private loan portfolio with a cost basis"

The cost basis is the original amount you paid to buy a stock, bond, or other investment, plus any fees or adjustments that change that original cost over time (for example, reinvested dividends or stock splits). It matters because profit or loss — and the taxes you owe when you sell — are calculated by comparing the sale price to this purchase amount; think of it like the purchase price of a house used to determine your gain when you sell.

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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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.