BB&T Agents Main Street Capital Facility Increase
Main Street Capital announced that it amended its five-year credit facility to expand the total commitments from $287.5 million to $352.5 million. The $65 million increase in total commitments was the result of commitment increases by four lenders currently participating in the credit facility. BB&T led the nine-bank syndicate as administrative agent.
The amended credit facility also contains an upsized accordion feature that allows for an increase in total commitments under the facility up to $425 million of total commitments from new and existing lenders on the same terms and conditions as the existing commitments.
The amended credit facility provides Main Street with access to additional financing capacity in support of its future investment and operational activities. Main Street currently has $110 million of outstanding debt under the credit facility.