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Main Street Completes $100MM Investment Grade Notes Offering

December 27, 2022, 07:22 AM
Filed Under: Industry News

Main Street Capital Corporation announced the closing of a private notes offering totaling $100.0 million in aggregate principal amount (the "Notes"). The Notes are unsecured and bear interest at a fixed rate of 7.84% per year, payable semiannually, mature on December 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.







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