Main Street Capital Corporation announced on August 13, 2025, the pricing of an underwritten public offering of $350 million in aggregate principal amount of 5.40% notes due 2028. The notes will bear interest at a rate of 5.40% per year, payable semiannually.
The notes 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.
Main Street intends to initially use the net proceeds from this offering to repay outstanding indebtedness, including amounts under its corporate revolving credit facility or its special purpose vehicle revolving credit facility. Subsequently, the funds will be re-borrowed to make new investments, invest in marketable securities and idle funds, pay operating expenses, and for general corporate purposes.
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