debt
confidence high
sentiment positive
materiality 0.60
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.