debt
confidence high
sentiment neutral
materiality 0.55
Main Street Capital issues additional $100M of 6.50% notes due 2027
Main Street Capital CORP
- Issued additional $100M aggregate principal amount of 6.50% notes due 2027, reopening existing series.
- Total outstanding principal on the 6.50% notes due 2027 now $400M.
- Net proceeds of ~$101.3M; intends to initially repay credit facility borrowings.
- Notes mature June 4, 2027; interest payable semiannually at 6.50%.
- New Notes are fungible with and rank equally with the existing $300M notes from June 2024.