debt
confidence high
sentiment positive
materiality 0.55
Main Street upsizes SPV credit facility to $600M, extends maturity to Sep 2029, lowers rate
Main Street Capital CORP
- Total commitments increased from $430M to $600M; accordion feature allows up to $800M.
- Revolving period extended to Sep 2027; final maturity extended to Sep 2029.
- Interest rate during revolving period reduced to SOFR + 2.35% from prior SOFR + 2.60% total.
- Borrowing entity is wholly-owned subsidiary MSCC Funding I, LLC, with Main Street as collateral manager.