Main Street Capital Expands Financing Capacity
Main Street Capital announced the expansion of total commitments under its three-year credit facility from $235.0 million to $277.5 million. The $42.5 million increase in total commitments included commitment increases by three lenders currently participating in the credit facility.
The amended credit facility contains an upsized accordion feature that allows for a further increase in total commitments under the facility up to $350 million of total commitments from new and existing lenders on the same terms and conditions as the existing commitments.
The increase in total commitments under the credit facility provides Main Street with access to additional financing capacity in support of its future investment and operational activities. Main Street currently has $151 million of outstanding debt under the credit facility.