Main Street Capital Corporation announced the expansion of total commitments under its five-year credit facility from $372.5 million to $382.5 million. The $10.0 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 eleven participants. The recent increase in total commitments was executed under the accordion feature of the Credit Facility which allows for an increase in total commitments under the facility up to $425.0 million of total commitments from new and existing lenders on the same terms and conditions as the existing commitments. The recent increase in total commitments under the Credit Facility provides Main Street with access to additional financing capacity in support of its future investment and operational activities.  Main Street currently has $187.0 million of outstanding debt under the Credit Facility.

According to an SEC 8-K filing, lenders include: Banking and Trust Company (“BB&T”), Regions Bank, Frost Bank, Capital One, N.A., Texas Capital Bank, Amegy Bank N.A., Cadence Bank, N.A., Royal Bank of Canada, Patriot Bank, Raymond James Bank, N.A. and First Financial Bank, N.A..

Main Street is a principal investment firm that provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies.