Main Street Capital Enters New Credit Facility Agreement

TL;DR

MSCC just signed a new credit facility agreement, locking in new debt.

AI Summary

On June 27, 2024, Main Street Capital Corporation entered into a material definitive agreement related to its credit facility. This agreement creates a direct financial obligation for the company. The filing also includes other events and financial statements/exhibits.

Why It Matters

This filing indicates a new financial obligation for Main Street Capital, which could impact its leverage and future borrowing capacity.

Risk Assessment

Risk Level: medium — Entering into new financial obligations, especially credit facilities, can increase a company's leverage and financial risk.

Key Players & Entities

• Main Street Capital Corporation (company) — Registrant
• June 27, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share MAIN New York Stock Exchange
• $1.110 b — ommitments by lenders were increased to $1.110 billion, (ii) the accordion feature provi
• $1.665 b — ments was increased to up to a total of $1.665 billion, (ii) the revolving period and th
• $1.035 billion — ne 2028 and June 2029, respectively, on $1.035 billion of revolving commitments, and August 20
• $0.075 billion — 2026 and August 2027, respectively, on $0.075 billion of revolving commitments, and (iii) oth

Filing Documents

• main-20240627.htm (8-K) — 30KB
• a101.htm (EX-10.1) — 1562KB
• main-2024627xexx991.htm (EX-99.1) — 10KB
• mainsta.jpg (GRAPHIC) — 13KB
• 0001396440-24-000126.txt ( ) — 1992KB
• main-20240627.xsd (EX-101.SCH) — 2KB
• main-20240627_lab.xml (EX-101.LAB) — 22KB
• main-20240627_pre.xml (EX-101.PRE) — 13KB
• main-20240627_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On June 27, 2024, Main Street Capital Corporation ("Main Street") entered into that certain Sixth Amendment (the "Amendment") to the Third Amended and Restated Credit Agreement dated as of June 5, 2018 (as amended, supplemented and restated prior to the Amendment, the "Credit Agreement" and, as amended by the Amendment, the "Corporate Facility"), among Main Street, as borrower, Main Street Capital Partners, LLC, Main Street Equity Interests, Inc. and Main Street CA Lending, LLC, as guarantors, Truist Bank ("Truist"), as administrative agent, and the lenders party thereto. The Amendment amended the Credit Agreement as follows: (i) revolving commitments by lenders were increased to $1.110 billion, (ii) the accordion feature providing Main Street the right to request increases in commitments from new and existing lenders on the same terms and conditions as the existing commitments was increased to up to a total of $1.665 billion, (ii) the revolving period and the final maturity date extend through June 2028 and June 2029, respectively, on $1.035 billion of revolving commitments, and August 2026 and August 2027, respectively, on $0.075 billion of revolving commitments, and (iii) other changes as described in the Amendment. Affiliates of Truist and certain other lenders under the Corporate Facility from time to time receive customary fees and expenses in the performance of investment banking, financial advisory or other services for Main Street. The above summary is not complete and is qualified in its entirety to the full text of the Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The disclosure set forth above under Item 1.01 is incorporated by reference herein.

01. Other Events

Item 8.01. Other Events. On June 28, 2024, Main Street issued a press release related to the Amendment. A copy of such press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. 10.1 Sixth Amendment, dated as of June 27, 2024, to the 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 99.1 Press Release dated June 2 8 , 20 24 104 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 28, 2024 By: /s/ Jason B. Beauvais Name: Jason B. Beauvais Title: General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR