MSC Income posts $74.4M Q2 private loan commitments

MSC Income Fund, Inc. reported second quarter 2026 activity in its private loan portfolio.

Rhea-AI Filing Summary

MSC Income Fund, Inc. reported second quarter 2026 activity in its private loan portfolio. The fund originated new or increased commitments totaling $74.4 million and funded private loan investments with a cost basis of $62.2 million during the quarter.

Notable new commitments included multiple first lien senior secured term loans, revolvers and delayed draw term loans to companies in custom power systems, mechanical/electrical/plumbing services, and structural repair and restoration, plus an equity investment in the latter.

As of June 30, 2026, the private loan portfolio held investments at cost of approximately $856.3 million across 81 companies, with 92.4% in first lien senior secured debt and 7.6% in equity or other securities.

Insights

Credit & BDC Analyst

Portfolio growth and mix remain focused on first lien private loans.

MSC Income added $74.4 million of new or increased private loan commitments in Q2 2026 and funded $62.2 million. Activity is spread across industrial service borrowers, consistent with its strategy of lending to private equity-backed middle market companies.

The portfolio reached $856.3 million at cost across 81 companies as of June 30, 2026, with 92.4% in first lien senior secured debt and 7.6% in equity or other securities. This mix emphasizes senior secured exposure while keeping a modest equity component.

The information describes origination and portfolio composition but does not compare to prior periods or provide performance metrics, so the direct impact on valuation is unclear. Subsequent filings may give more detail on yields, credit quality and non-accruals.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Q2 2026 new or increased commitments: $74.4 million Q2 2026 funded investments: $62.2 million Private loan portfolio size: $856.3 million +5 more

8 metrics

Q2 2026 new or increased commitments $74.4 million Private loan portfolio commitments during Q2 2026

Q2 2026 funded investments $62.2 million Cost basis of funded private loan investments in Q2 2026

Private loan portfolio size $856.3 million Investments at cost as of June 30, 2026

Number of portfolio companies 81 companies Private loan portfolio company count as of June 30, 2026

Debt share of portfolio 92.4% First lien senior secured debt as percent of cost

Equity and other securities share 7.6% Equity investments or other securities as percent of cost

Notable power systems loan package $29.4 million $24.2M term loan, $1.3M revolver, $3.9M delayed draw

Structural repair financing package $20.1 million $16.2M term loan, $2.9M revolver, $1.0M equity

Key Terms

first lien senior secured term loan, revolver, delayed draw term loan, lower middle market, +1 more

5 terms

first lien senior secured term loan financial

"•$24.2 million in a first lien senior secured term loan, $1.3 million..."

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.

revolver financial

"$24.2 million in a first lien senior secured term loan, $1.3 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.

delayed draw term loan financial

"$1.3 million in a first lien senior secured revolver and $3.9 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.

lower middle market financial

"The Fund also maintains a portfolio of customized long-term debt and equity investments in lower middle market companies..."

A segment of privately held companies that are larger than small businesses but smaller than big, publicly traded firms—think a successful neighborhood bakery rather than a national chain. These businesses often have steady revenue and room to grow, making them appealing targets for buyout investors seeking higher returns; they also carry more risk and less liquidity than large-cap stocks, so valuation and operational improvements matter more to investors.

Investment Advisers Act of 1940 regulatory

"MSC Adviser I, LLC is a wholly-owned subsidiary of Main Street that is registered as an investment adviser under the Investment Advisers Act of 1940..."

A U.S. federal law that sets rules for people and firms who give investment advice, requiring them to register with regulators, be honest about conflicts, keep records, and follow basic standards of care. It matters to investors because those rules act like licensing and consumer protections — similar to having safety standards for a mechanic — helping ensure advisers act in clients’ financial interests and reducing the risk of fraud or misuse of funds.

FAQ

What private loan activity did MSC Income Fund (MSIF) report for Q2 2026?

MSC Income Fund reported new or increased private loan commitments of $74.4 million in Q2 2026 and funded investments with a cost basis of $62.2 million. These loans supported several private companies across industrial and service sectors.

How large is MSC Income Fund’s private loan portfolio as of June 30, 2026?

As of June 30, 2026, MSC Income Fund’s private loan portfolio totaled approximately $856.3 million at cost across 81 companies. This figure reflects the aggregate cost basis of its private loan investments, not their fair value or market price.

What is the debt vs. equity mix in MSC Income Fund’s private loan portfolio?

MSC Income Fund’s private loan portfolio consisted of 92.4% first lien senior secured debt investments and 7.6% equity investments or other securities at cost. This composition emphasizes secured lending while maintaining a smaller equity exposure component.

What notable new loans did MSC Income Fund make in Q2 2026?

In Q2 2026, MSC Income Fund made notable commitments to a custom power system platform provider, a mechanical/electrical/plumbing services provider, and a structural repair and restoration firm. These included several first lien senior secured term loans, revolvers, delayed draw loans and one equity investment.

What types of companies does MSC Income Fund typically finance?

MSC Income Fund primarily provides debt capital to private companies owned by, or being acquired by, private equity funds. Its portfolio companies generally have annual revenues between $25 million and $500 million in the private loan strategy and $10 million to $150 million in its lower middle market strategy.

Who manages MSC Income Fund’s investments?

MSC Income Fund is advised and administered by MSC Adviser I, LLC, a wholly owned subsidiary of Main Street Capital Corporation. MSC Adviser I is registered as an investment adviser under the Investment Advisers Act of 1940 and also advises several other clients.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/09/2026 - 09:39 AM Learn about SEC filing dates

0001535778false00015357782026-07-092026-07-09

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________________________________________________________________________

FORM 8-K

__________________________________________________________________________

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) July 9, 2026

__________________________________________________________________________

MSC Income Fund, Inc.

(Exact name of registrant as specified in its charter)

Maryland	814-00939	45-3999996
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1300 Post Oak Boulevard, 8th Floor, Houston, Texas	77056
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (713) 350-6000

Not Applicable

___________________________________________________________________________________

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the

registrant under any of the following provisions:

o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol		Name of each exchange on which registered
Common Stock, par value $0.001 per share		MSIF		New York Stock Exchange NYSE Texas

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act

of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition

period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the

Exchange Act. o

Item 2.02Results of Operations and Financial Condition.

On July 9, 2026, the Registrant issued a press release. A copy of such press release is attached hereto as Exhibit 99.1 and is

incorporated herein by reference.

The information disclosed under this Item 2.02, including Exhibit 99.1 hereto, is being furnished and shall not be deemed

“filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by

reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such

filing.

Item 9.01Financial Statements and Exhibits.

(d) Exhibits

99.1	Press release dated July 9, 2026
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be

signed on its behalf by the undersigned hereunto duly authorized.

	MSC Income Fund, Inc.
Date: July 9, 2026	By:	/s/ Cory E. Gilbert
		Name:      Cory E. Gilbert
		Title:        Chief Financial Officer

Exhibit 99.1

	NEWS RELEASE
	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

MSC Income Fund Announces Second Quarter 2026

Private Loan Portfolio Activity

HOUSTON – July 9, 2026 – 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 second

quarter of 2026, MSC Income originated new or increased commitments in its private loan portfolio

totaling $74.4 million and funded total investments across its private loan portfolio with a cost basis

totaling $62.2 million.

The following represent notable new private loan commitments and investments during the second

quarter of 2026:

•$24.2 million in a first lien senior secured term loan, $1.3 million in a first lien senior secured

revolver and $3.9 million in a first lien senior secured delayed draw term loan to a national

provider of custom power system platforms;

• $13.2 million in a first lien senior secured term loan, $4.0 million in a first lien senior secured

revolver and $5.3 million in a first lien senior secured delayed draw term loan to a provider of

mechanical, electrical and plumbing services; and

• $16.2 million in a first lien senior secured term loan, $2.9 million in a first lien senior secured

revolver and $1.0 million in equity to a provider of structural repair and restoration services for

condominium and commercial properties.

As of June 30, 2026, MSC Income’s private loan portfolio included total investments at cost of

approximately $856.3 million across 81 unique companies. The private loan portfolio, as a percentage

of cost, included 92.4% invested in first lien senior secured debt investments and 7.6% 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 MSC ADVISER I, LLC

MSC Adviser I, LLC (“MSCA”) is a wholly-owned subsidiary of Main Street that is registered as an

investment adviser under the Investment Advisers Act of 1940, as amended. MSCA serves as the

investment adviser and administrator of the Fund in addition to several other advisory clients.

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EX-99.1 32.1 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.0 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 3.6 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 23.7 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 13.8 KB