Main Street Capital’s wholly-owned subsidiary, MSCC Funding I, recently amended its special purpose vehicle (SPV) revolving credit facility. According to a related 8-K filing, Truist Bank acted as administrative agent and swingline lender; Citibank acted as collateral agent, document custodian and custodian; and Virtus Group acted as collateral administrator.

The recently closed amendment provides an increase in total commitments from $430 million to $600 million, while maintaining an expanded accordion feature that allows for an increase up to $800 million of total commitments from new and existing lenders on the same terms and conditions as the existing commitments.

The amendment also extends the revolving period, or reinvestment period, through September 2027 and the final maturity date to September 2029. The amendment also decreases the interest rate during the revolving period to one-month term SOFR plus 2.35% (from the prior interest rate of SOFR plus 2.50%, plus a 0.10% credit spread adjustment, or SOFR plus 2.60% in total) and during the first and second years after the revolving period to SOFR plus 2.475% and 2.60%, respectively (from the prior interest rate of SOFR plus 2.625% and 2.75%, respectively).