Main Street Capital closed a private note offering, totaling $100 million in aggregate principal amount. The notes are unsecured and bear interest at a fixed rate of 7.84% per year, payable semiannually, mature on Dec. 23, 2025 and may be redeemed in whole or in part at any time or from time to time at the company’s option at par plus accrued interest to the prepayment date and, if applicable, a make-whole premium.
Main Street intends to use the net proceeds from this offering to initially repay a portion of the outstanding debt borrowed under its revolving credit facility and then, through re-borrowing under its revolving credit facility, to fund investments in accordance with its investment objective and strategies, to pay operating expenses and other cash obligations and for general corporate purposes.
The notes have not been and will not be registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.
