Total Commitments Increased $80.0 million to $245.0
million
Accordion Feature Increased $100.0 million to $300.0
million
HOUSTON, March 4,
2025 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE:
MSIF) (the "Company") is pleased to announce the amendment of its
senior secured revolving credit facility (the "Corporate
Facility"). The recently closed amendment provides an increase in
total commitments from $165.0 million
to $245.0 million. The $80.0 million increase in total commitments was
the result of the addition of a new lender relationship, which
further diversifies the Company's lender group under the Corporate
Facility to a total of seven participants. In addition to the
increased commitments, the amendment also provides for an increase
to the accordion feature, which provides the Company with the right
to request increases in commitments under the facility on the same
terms and conditions as the existing commitments, from up to a
total of $200.0 million to up to a
total of $300.0 million.
ABOUT MSC INCOME FUND, INC.
The Company (www.mscincomefund.com) is a principal investment
firm that primarily provides debt capital to private companies
owned by or in the process of being acquired by a private equity
fund. The Company's portfolio investments are typically made to
support leveraged buyouts, recapitalizations, growth financings,
refinancings and acquisitions of companies that operate in diverse
industry sectors. The Company seeks to partner with private equity
fund sponsors and primarily invests in secured debt investments
within its private loan investment strategy. The Company also
maintains a portfolio of customized long-term debt and equity
investments in lower middle market companies, and through those
investments, the Company has partnered with entrepreneurs, business
owners and management teams in co-investments with Main Street
Capital Corporation (NYSE: MAIN) ("Main Street") utilizing the
customized "one-stop" debt and equity financing solution provided
in Main Street's lower middle market investment strategy. The
Company's private loan portfolio companies generally have annual
revenues between $25 million and
$500 million. The Company's lower
middle market portfolio companies generally have annual revenues
between $10 million and $150 million.
ABOUT MSC ADVISER I, LLC
MSC Adviser I, LLC ("MSCA") is a wholly owned subsidiary of Main
Street that is registered as an investment adviser under the
Investment Advisers Act of 1940, as amended. MSCA serves as the
investment adviser and administrator of the Company in addition to
several other advisory clients.
FORWARD-LOOKING STATEMENTS
This press release may contain certain forward-looking
statements, including but not limited to the availability of future
financing capacity under the Corporate Facility. Any such
statements other than statements of historical fact are likely to
be affected by other unknowable future events and conditions,
including elements of the future that are or are not under the
Company's control, and that the Company may or may not have
considered; accordingly, such statements cannot be guarantees or
assurances of any aspect of future performance. Actual performance
and results could vary materially from these estimates and
projections of the future as a result of a number of factors,
including those described from time to time in the Company's
filings with the U.S. Securities and Exchange Commission. Such
statements speak only as of the time when made and are based on
information available to the Company as of the date hereof and are
qualified in their entirety by this cautionary statement. The
Company assumes no obligation to revise or update any such
statement now or in the future.
Contacts:
MSC Income Fund,
Inc.
Dwayne L.
Hyzak, CEO, dhyzak@mainstcapital.com
Cory E. Gilbert, CFO,
cgilbert@mainstcapital.com
713-350-6000
Dennard Lascar Investor
Relations
Ken
Dennard /
ken@dennardlascar.com
Zach Vaughan /
zvaughan@dennardlascar.com
713-529-6600
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SOURCE MSC Income Fund, Inc.