secwatch.observer — SEC 8-K summary
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Issuer:     Main Street Capital CORP (MAIN)
CIK:        0001396440
Form:       8-K
Filed at:   2024-06-04T23:59:59+00:00
Accession:  0001396440-24-000116
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1396440/000139644024000116/0001396440-24-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1396440/000139644024000116/main-20240604.htm
  HTML page:      https://secwatch.observer/filing/0001396440-24-000116

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