HOUSTON, June 6, 2018 /PRNewswire/ -- Main Street Capital
Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the
amendment of its revolving credit facility (the "Credit Facility").
The recently closed amendment provides an extension of the final
maturity by more than two years to September 2023. The total
commitments of the Credit Facility increased from $585.0 million to $655.0
million while maintaining an expanded accordion feature that
allows for an increase up to $800.0
million of total commitments from new and existing lenders
on the same terms and conditions as the existing commitments.
The interest rate for outstanding borrowings under the Credit
Facility remains unchanged at the applicable LIBOR rate plus 1.875%
so long as Main Street satisfies certain agreed upon excess
collateral and leverage requirements. In addition to the
extended maturity and increased commitments, Main Street continues
to maintain two, one-year extension options under the amended
Credit Facility which could extend the final maturity of the Credit
Facility for up to two additional years, subject to certain
conditions, including lender approval.
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment
firm that primarily provides long-term debt and equity capital to
lower middle market companies and debt capital to middle market
companies. Main Street's portfolio investments are typically made
to support management buyouts, recapitalizations, growth
financings, refinancings and acquisitions of companies that operate
in diverse industry sectors. Main Street seeks to partner with
entrepreneurs, business owners and management teams and generally
provides "one stop" financing alternatives within its lower middle
market portfolio. Main Street's lower middle market companies
generally have annual revenues between $10
million and $150 million. Main
Street's middle market debt investments are made in businesses that
are generally larger in size than its lower middle market portfolio
companies.
Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, President &
COO, dhyzak@mainstcapital.com
Brent D. Smith, CFO,
bsmith@mainstcapital.com
713-350-6000
Dennard Lascar Investor
Relations
Ken Dennard /
ken@dennardlascar.com
Mark Roberson /
mroberson@dennardlascar.com
713-529-6600
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SOURCE Main Street Capital Corporation