Main Street Capital CORP (MAIN): debt financing — Main Street Capital issues $350M of 5.40% notes due 2028 to repay debt

Main Street Capital CORP

Issued $350M aggregate principal of 5.40% notes due August 15, 2028; priced at par.
Net proceeds of ~$347.7M after underwriting discounts and expenses.
Initial use to repay outstanding indebtedness, including credit facilities.
Notes are unsecured, rank equally with existing unsecured debt, subordinated to secured debt.
Redemption before July 15, 2028 at Treasury Rate plus 30 bps; after that at par.

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 incurred senior notes of $350.0 million in aggregate principal amount with J.P. Morgan Securities LLC, as representative of the underwriters at 5.40% maturing August 15, 2028.

Instrument: senior notes
Principal: $350.0 million in aggregate principal amount
Counterparty: J.P. Morgan Securities LLC, as representative of the underwriters
Rate: 5.40%
Maturity: August 15, 2028
Event: incurrence

Exact text from the filing

the issuance and sale of $350.0 million in aggregate principal amount (the “Offering”) of Main Street’s 5.40% notes due 2028 (the “Notes”).

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Main Street Capital CORP filing history →

Source: SEC EDGAR

accession 0001396440-25-000151

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