In addition to BB&T, Frost Bank, Royal Bank of Canada, Whitney Bank, ZB dba Amegy Bank, Texas Capital Bank, Cadence Bank, Trustmark National Bank, Goldman Sachs Bank USA, Comerica Bank, Raymond James Bank, BOKF, NA dba Bank of Texas, Woodforest National Bank, City National Bank and First Financial Bank make up the lender group.
The $25 million increase in total commitments was the result of the addition of a new lender relationship, which further diversifies the Main Street lending group under the credit facility to a total of 15 participants. The recent increase in total commitments was executed under the accordion feature of the facility which allows for an increase in total commitments up to $750 million from new and existing lenders on the same terms and conditions as the existing commitments.
The recent increase in total commitments under the facility provides Main Street with access to additional financing capacity in support of its future investment and operational activities.
Main Street Capital is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies.