MSC Income Fund, Inc., advised by Main Street Capital Corporation's subsidiary, announced on February 4, 2025, the closing of its public offering of common stock. The offering included 5,500,000 shares at $15.53 per share.
The underwriters fully exercised their overallotment option, purchasing an additional 825,000 shares. This resulted in a total of 6,325,000 shares sold, generating approximately $91 million in net proceeds.
MSC Income Fund intends to use these net proceeds to repay outstanding debt under its credit facilities. Subsequently, the funds will be re-borrowed to make new investments, pay operating expenses, and for general corporate purposes, enhancing its investment capacity.
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