By Wendy Van Sickle
Columbus, Ohio, Dec. 29 – Main Street Capital Corp. entered into an agreement to place $100 million of 7.84% series A senior notes due Dec. 23, 2025 with a qualified institutional investor, according to an 8-K filing with the Securities and Exchange Commission.
The notes are redeemable at a make-whole amount at any time.
There is an option under the purchase agreement for up to an additional $99 million of notes to be issued on the same terms.
Proceeds are expected to be used to repay outstanding debt, to fund investments, to pay operating expenses and other cash obligations and for general corporate purposes.
The company is a Houston-based principal investment firm that provides debt and equity capital to middle-market companies.
| Issuer: | Main Street Capital Corp.
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| Amount: | $100 million
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| Issue: | Series A senior notes
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| Maturity: | Dec. 23, 2025
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| Coupon: | 7.84%
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| Call feature: | Make-whole call at any time
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| Settlement date: | Dec. 23
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| Distribution: | Private placement
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