Main Street Capital issues $300M 6.50% notes due 2027, net proceeds ~$297.4M to repay debt

Main Street Capital CORP

Issued $300M aggregate principal of 6.50% notes maturing June 4, 2027; interest payable semiannually.
Net proceeds of ~$297.4M after underwriting discounts and expenses; initially used to repay credit facility debt.
Notes are unsecured, rank equally with existing unsecured debt, but effectively subordinated to secured debt.
Holders have change-of-control repurchase rights at 100% plus accrued interest.
Redeemable at Main Street's option at any time prior to May 4, 2027 at make-whole price (Treasury plus 30 bps).

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