MSC Income Fund, Inc. announced the closing of its previously announced public offering of common stock on February 4, 2025. The offering included the full exercise of the underwriters' overallotment option to purchase additional shares.
The company sold a total of 6,325,000 shares of common stock in the offering. This transaction generated approximately $91 million in net proceeds for MSC Income Fund, after accounting for underwriting discounts, commissions, and estimated offering expenses.
MSC Income Fund intends to initially use all of the net proceeds from this offering to repay outstanding debt borrowed under its credit facilities. Subsequently, through re-borrowing under these facilities, the capital will be deployed to make investments in accordance with its investment objective and strategies, pay operating expenses, and for general corporate purposes.
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