other material
confidence high
sentiment neutral
materiality 0.50
Main Street Capital authorizes up to 20M share ATM offering, 1M DRSPP shares
Main Street Capital CORP
- Up to 20,000,000 shares of common stock may be sold in at-the-market transactions; no obligation to sell.
- Net proceeds initially to repay outstanding Credit Facility (Corporate and SPV) debt, then re-borrow for investments.
- Equity distribution agreements with Truist, RBC, Raymond James, B. Riley; 1.0% commission on gross proceeds.
- Also filed prospectus supplement for 1,000,000 shares under existing dividend reinvestment and direct stock purchase plan.