Main Street Capital Enters New Financial Obligation

TL;DR

MAIN just signed a new deal, creating a financial obligation. Details TBD.

AI Summary

On June 4, 2024, Main Street Capital Corporation (MAIN) entered into a material definitive agreement related to a direct financial obligation. The filing indicates the creation of a financial obligation under an off-balance sheet arrangement. Specific details regarding the agreement, the nature of the obligation, and any associated dollar amounts or dates are not provided in this excerpt.

Why It Matters

This filing signals a new financial commitment or arrangement for Main Street Capital, which could impact its balance sheet and future financial flexibility.

Risk Assessment

Risk Level: medium — The creation of a new financial obligation, especially without immediate detail, introduces potential financial risk and uncertainty.

Key Players & Entities

• Main Street Capital Corporation (company) — Registrant
• MAIN (company) — Ticker Symbol

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share MAIN New York Stock Exchange
• $300 million — oration ("Main Street") issued and sold $300 million in aggregate principal amount of Main S
• $297.4 m — eived by Main Street were approximately $297.4 million, after deducting the underwriting

Filing Documents

• main-20240604.htm (8-K) — 38KB
• main-may2024bondxseventhsu.htm (EX-4.1) — 120KB
• main-may2024bondsxex51lega.htm (EX-5.1) — 25KB
• dechertlogo.jpg (GRAPHIC) — 10KB
• 0001396440-24-000116.txt ( ) — 356KB
• main-20240604.xsd (EX-101.SCH) — 2KB
• main-20240604_lab.xml (EX-101.LAB) — 22KB
• main-20240604_pre.xml (EX-101.PRE) — 13KB
• main-20240604_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On June 4, 2024, Main Street Capital Corporation ("Main Street") issued and sold $300 million in aggregate principal amount of Main Street's 6.50% notes due 2027 (the "Notes"). The Notes were issued under a Seventh Supplemental Indenture, dated June 4, 2024, between Main Street and The Bank of New York Mellon Trust Company, N.A., as trustee (the "Trustee"), to the indenture, dated April 2, 2013, between Main Street and the Trustee (the "Base Indenture" and, together with the Seventh Supplemental Indenture, the "Indenture"). The Notes will mature on June 4, 2027 unless previously redeemed or repurchased in accordance with their terms . The Notes will bear cash interest from June 4, 2024, at an annual rate of 6.50% payable semiannually on June 4 and December 4 of each year, beginning on December 4, 2024 . The Notes are direct unsecured obligations of Main Street and rank equally in right of payment with Main Street's existing and future unsecured indebtedness but effectively subordinated to all of Main Street's outstanding and future secured indebtedness , to the extent of the value of the assets securing such indebtedness, and structurally subordinated to the debt and other obligations of any of Main Street's subsidiaries, financing vehicles or similar facilities . Prior to May 4, 2027 (one month prior to the maturity date of the Notes) (the "Par Call Date"), Main Street may redeem the Notes at its option, in whole or in part, at any time or from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate, as defined in the Indenture, p

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 4.1 Seventh Supplemental Indenture, dated June 4, 2024, between Main Street Capital Corporation and The Bank of New York Mellon Trust Company, N.A., as trustee 4.2 Form of 6.50% Notes due 2027 (contained in the Seventh Supplemental Indenture incorporated by reference as Exhibit 4.1 hereto) 5.1 Opinion of Dechert LLP, dated June 4, 2024 23.1 Consent of Dechert LLP (included in Exhibit 5.1) 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: June 4, 2024 By: /s/ Jason B. Beauvais Name: Jason B. Beauvais Title: General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR