Business
Main Street Prices Public Offering of $350 Million of 5.40% Notes due 2028
Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it has priced an underwritten public offering of $350 million in aggregate principal amount of 5.40% notes due 2028 (the "Notes"). The Notes will bear interest at a rate of 5.40% per year, payable semiannually, will mature on August 15, 2028 and may be redeemed in whole or in part at Main Street's option at any time at par plus a "make-whole" premium, if applicable. The offering is subject to customary closi
About this update from Main Street Capital Corporation
[{"type":"text","content":"HOUSTON, Aug. 13, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it has priced an underwritten public offering of $350 million in aggregate principal amount of 5.40% notes due 2028 (the "Notes"). The Notes will bear interest at a rate of 5.40% per year, payable semiannually, will mature on August 15, 2028 and may be redeemed in whole or in part at Main Street's option at any time at par plus a "make-whole" premium, if applicable. The offering is subject to customary closing conditions and is expected to close on August 15, 2025.","length":631,"tagName":"p"},{"type":"text","content":"Main Street intends to initially use the net proceeds from this offering to repay outstanding indebtedness, including amounts outstanding under Main Street's corporate revolving credit facility (the "Corporate Facility") or its special purpose vehicle revolving credit facility (the "SPV Facility" and, together with the Corporate Facility, the "Credit Facilities"), and then, through re-borrowing under the Credit Facilities, to make investments in accordance with its investment objective and strategies, to make investments in marketable securities and idle funds investments, to pay operating expenses and other cash obligations, and for general corporate purposes.","length":703,"tagName":"p"},{"type":"text","content":"J.P. Morgan Securities LLC, RBC Capital Markets, LLC, SMBC Nikko Securities America, Inc. and Truist Securities, Inc. are acting as joint book-runners for this offering. Huntington Securities, Inc., Raymond James & Associates, Inc., Academy Securities, Inc., Zions Direct, Inc., TCBI Securities, Inc., Hancock Whitney Investment Services, Inc., Comerica Securities, Inc., WauBank Securities LLC and B. Riley Securities, Inc. are acting as co-managers for this offering.","length":478,"tagName":"p"},{"type":"text","content":"Investors should carefully consider, among other things, Main Street's investment objective and strategies and the risks related to Main Street and the offering before investing. The pricing term sheet dated August 13, 2025, the preliminary prospectus supplement dated August 13, 2025, the accompanying prospectus dated February 28, 2025, each of which has been filed wit...