Main Street Capital announces $100 million notes offering in September 2024

On September 11, 2024, Main Street Capital Corporation announced the pricing of a public offering for $100 million in 6.50% notes due 2027. This offering is an extension of previously issued notes from June 4, 2024, which totaled $300 million. The new notes will be issued at a premium, with a public offering price of 102.134% of the principal amount, leading to estimated gross proceeds of approximately $102.1 million and a yield-to-maturity of 5.617%. The total outstanding principal amount of Main Street's 6.50% notes due 2027 will reach $400 million following this issuance. The offering is being managed by several financial institutions, including Truist Securities, J.P. Morgan Securities, RBC Capital Markets, and SMBC Nikko Securities. Investors are encouraged to review the pricing term sheet, preliminary prospectus supplement, and accompanying prospectus, which contain essential information regarding the offering. These documents have been filed with the Securities and Exchange Commission (SEC) and are available for public access. Main Street Capital focuses on providing financing solutions to lower middle market companies, which typically have annual revenues between $10 million and $150 million. The firm also manages investments for external parties through its asset management business, MSC Adviser I, LLC, which is registered under the Investment Advisers Act of 1940.