Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Main Street Capital CORP incurred revolving credit of up to $240 million with Truist Bank at Term SOFR plus a 0.10% credit spread adjustment (the “Base Rate”) plus 2.50% maturing November 21, 2027.
- Instrument
- revolving credit
- Principal
- up to $240 million
- Counterparty
- Truist Bank
- Rate
- Term SOFR plus a 0.10% credit spread adjustment (the “Base Rate”) plus 2.50%
- Maturity
- November 21, 2027
- Event
- incurrence
Exact text from the filing
Virtus Group, L.P., as collateral administrator. Under the Credit Facility, the lenders agreed to extend credit to MSCC Funding in an initial aggregate principal amount up to $240 million and the Credit Facility contains an accordion feature whereby the Credit Facility can be expanded to $450 million, subject to certain conditions including the administrative
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Main Street Capital CORP entered into Credit Facility with Truist Bank, CitiBank, N.A., and the other lenders party thereto valued at up to $240 million (effective 2022-11-22).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Truist Bank, CitiBank, N.A., and the other lenders party thereto
- Value
- up to $240 million
- Effective
- 2022-11-22
Exact text from the filing
On November 22, 2022, Main Street Capital Corporation (the “Company”), through its wholly owned subsidiary MSCC Funding I, LLC (“MSCC Funding”), established a senior secured revolving credit facility (the “Credit Facility”), pursuant to a Revolving Credit and Security Agreement by and among MSCC Funding, as borrower, the lenders from time to time party thereto, the Company, as collateral manager, Truist Bank (“Truist”), acting as administrative agent and swingline lender, CitiBank, N.A., acting as collateral agent, document custodian and custodian and Virtus Group, L.P., as collateral administrator. Under the Credit Facility, the lenders agreed to extend credit to MSCC Funding in an initial aggregate principal amount up to $240 million
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