Main Street Capital CORP (MAIN): debt financing — Main Street Capital amends SPV credit facility: rate cut, maturity extended to Sep 2030

Main Street Capital CORP

Interest rate during revolving period reduced to Term SOFR + 1.95% (from +2.35%).
Revolving period extended to September 2028; final maturity to September 2030.
Unused fee decreased to 0.40% on unused amount up to 50% of commitment (from 0.50% on up to 35%).
Amendment applies to MSCC Funding I, LLC, a wholly owned subsidiary.
Affiliates of Truist and other lenders receive customary fees for services.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Main Street Capital CORP amended revolving credit with Truist Bank at one-month term Secured Overnight Financing Rate plus an applicable margin of (a) maturing September 2030.

Instrument: revolving credit
Counterparty: Truist Bank
Rate: one-month term Secured Overnight Financing Rate plus an applicable margin of (a)
Maturity: September 2030
Event: amendment

Exact text from the filing

The Amendment amended the Credit Agreement as follows: (i) decreased the interest rate to one-month term Secured Overnight Financing Rate plus an applicable margin of (a) 1.95% during the revolving period (from 2.35%), (b) 2.075% for the first year following the end of the revolving period (from 2.475%) and (c) 2.20% for the second year following the end of the revolving period (from 2.60%), (ii) extended the revolving period from through September 2027 to through September 2028, (iii) extended the final maturity date from September 2029 to September 2030, (iv) decreased the unused fee to 0.40% (from 0.50%) on the unused amount up to 50% (from 35%) of the commitment amount and (v) other changes as described in the Amendment.

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Source: SEC EDGAR

accession 0001396440-25-000050

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