Truist served as administrative agent on an increase from $705 million to $740 million for the revolving credit facility of Main Street Capital, according to a related 8K filed with the SEC. In addition, BancorpSouth Bank joined the facility’s lender group, which already includes Frost Bank, Royal Bank of Canada, Hancock Whitney Bank, Amegy Bank, Texas Capital Bank, Cadence Bank, Trustmark National Bank, Comerica Bank, Raymond James Bank, Bank of Texas, Woodforest National Bank, City National Bank, First Financial Bank, Veritex Community Bank, First National Bank of Pennsylvania and Mutual of Omaha Bank, according to the 8K.
“We are very pleased that we were able to expand the commitments under our credit facility to provide access to additional capital while further diversifying our lending group,” Dwayne L. Hyzak, CEO of Main Street Capital, said. “Our credit facility, and more importantly the long-term relationships with each lender in our lending group, are extremely important to us, and we deeply value and appreciate these relationships. The confidence that this new lender and the individuals on its relationship team have shown in Main Street is very much appreciated, particularly given the current events and circumstances over the last few weeks.”
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.