Daily News: May 1, 2015

Main Street Increase Facility to $597.5MM


Main Street Capital announced the expansion of total commitments under its five-year credit facility from $572.5 million to $597.5 million and an increase in the accordion feature of the facility from $650 million to $750 million.

The $25 million increase in total commitments under the facility was the result of a commitment increase by one of the existing lenders in the facility. The recent increase was executed under the accordion feature of the facility which allows for an increase in total commitments under the facility up to $750 million from new and existing lenders on the same terms and conditions as the existing commitments.