Main Street Capital Enters Material Definitive Agreement

TL;DR

MSCC just signed a big deal, new financial obligation incoming.

AI Summary

On May 26, 2024, Main Street Capital Corporation entered into a Material Definitive Agreement related to a direct financial obligation. The company, headquartered in Houston, Texas, filed an 8-K report detailing this event. Specific details regarding the agreement and the financial obligation are not fully disclosed in the provided text but are indicated as significant.

Why It Matters

This filing indicates a significant new financial commitment or agreement for Main Street Capital, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into new material definitive agreements and financial obligations can introduce new risks related to the terms, performance, and market conditions associated with the agreement.

Key Players & Entities

• Main Street Capital Corporation (company) — Registrant
• May 26, 2024 (date) — Date of earliest event reported
• Houston, Texas (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share MAIN New York Stock Exchange
• $300 million — onnection with the issuance and sale of $300 million in aggregate principal amount (the "Off
• $297.4 m — treet are estimated to be approximately $297.4 million, after deducting the underwriting

Filing Documents

• main-20240526.htm (8-K) — 31KB
• main-may2024bondsxunderwri.htm (EX-1.1) — 269KB
• truist_mainstreetcapital-f.htm (EX-99.1) — 89KB
• image_4a.jpg (GRAPHIC) — 7KB
• 0001396440-24-000114.txt ( ) — 581KB
• main-20240526.xsd (EX-101.SCH) — 2KB
• main-20240526_lab.xml (EX-101.LAB) — 22KB
• main-20240526_pre.xml (EX-101.PRE) — 13KB
• main-20240526_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On May 28, 2024, Main Street Capital Corporation ("Main Street") entered into an underwriting agreement (the "Underwriting Agreement") by and among Main Street and Truist Securities, Inc., as representative of the underwriters named in Schedule A thereto, in connection with the issuance and sale of $300 million in aggregate principal amount (the "Offering") of Main Street's 6.50% notes due 2027 (the "Notes"). The Offering is expected to close on June 4, 2024, subject to customary closing conditions. The Offering is being made pursuant to Main Street's effective shelf registration statement on Form N-2 (Registration No. 333-263258) previously filed with the SEC, as supplemented by a preliminary prospectus supplement dated May 28, 2024 and a final prospectus supplement dated May 28, 2024. The net proceeds to be received by Main Street are estimated to be approximately $297.4 million, after deducting the underwriting discounts and estimated Offering expenses payable by Main Street. Main Street intends to initially use the net proceeds from the Offering to repay outstanding indebtedness, including amounts outstanding under its credit facilities. On May 26, 2024, Main Street entered into the Fifth Amendment to Third Amended and Restated Credit Agreement dated as of June 5, 2018, as amended (the "Fifth Amendment"), among Main Street, as borrower, and, solely with respect to Section 8 thereof, Main Street Capital Partners, LLC, Main Street Equity Interests, Inc., Main Street CA Lending, LLC and MS International Holdings, Inc., as guarantors, Truist Bank, as administrative agent and lender, and the other lenders party thereto, which, among other things, permits the issuance of the Notes. The foregoing description of the Underwriting Agreement and the Fifth Amendment does not purport to be complete and is qualified in its entirety by reference to (i) the full text of the Underwriting Agreement, which is filed with th

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 1.1 Underwriting Agreement, dated May 28, 2024, between Main Street Capital Corporation and Truist Securities, Inc. as representative of the underwriters named on Schedule A thereto 99.1 Fifth Amendment, dated May 26, 2024, to Third Amended and Restated Credit Agreement by and among Main Street, the guarantors party thereto, Truist Bank, as administrative agent, and the lenders party thereto 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Main Street Capital Corporation Date: May 29, 2024 By: /s/ Jason B. Beauvais Name: Jason B. Beauvais Title: General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR