debt
confidence high
sentiment neutral
materiality 0.60
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.
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