debt
confidence high
sentiment positive
materiality 0.55
Main Street Capital amends credit facility: lowers interest rate, extends maturity to April 2030
Main Street Capital CORP
- Total commitments increased from $1.110B to $1.145B; accordion feature raised to $1.718B.
- Interest rate decreased to SOFR + 0.10% plus spread of 1.775% (1.65% after step-down).
- Revolving period extended through April 2029, final maturity to April 2030.
- Option to extend both revolving period and maturity up to two additional years subject to lender approval.