Main Street Capital Enters Material Definitive Agreement

TL;DR

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

AI Summary

On September 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 this 8-K report to disclose this event.

Why It Matters

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

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial risks or obligations that require careful monitoring.

Key Players & Entities

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

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share MAIN New York Stock Exchange
• $430.0 million — i) increased the total commitments from $430.0 million to $600.0 million, (ii) increased the a
• $600.0 m — otal commitments from $430.0 million to $600.0 million, (ii) increased the accordion fea
• $800.0 m — xisting commitments to up to a total of $800.0 million, (iii) extended the revolving per

Filing Documents

• main-20240926.htm (8-K) — 30KB
• exhibit101september2024spv.htm (EX-10.1) — 24518KB
• main-202492624xexx991.htm (EX-99.1) — 37KB
• mainsta.jpg (GRAPHIC) — 13KB
• 0001396440-24-000207.txt ( ) — 26367KB
• main-20240926.xsd (EX-101.SCH) — 2KB
• main-20240926_lab.xml (EX-101.LAB) — 22KB
• main-20240926_pre.xml (EX-101.PRE) — 13KB
• main-20240926_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On September 26, 2024, Main Street Capital Corporation ("Main Street"), through its wholly owned subsidiary MSCC Funding I, LLC ("MSCC Funding"), entered into that certain Second Amendment (the "Amendment") to the Revolving Credit and Security Agreement dated as of November 22, 2022 (as amended, supplemented and restated prior to the Amendment, the "Credit Amendment" and, as amended by the Amendment, the "SPV Facility"), among MSCC Funding, as borrower, the lenders from time to time party thereto, Main Street, as collateral manager, Truist Bank ("Truist"), acting as administrative agent and swingline lender, Citibank, N.A., acting as collateral agent, document custodian and custodian, and Virtus Group, L.P., as collateral administrator. The Amendment amended the Credit Agreement as follows: (i) increased the total commitments from $430.0 million to $600.0 million, (ii) increased the accordion feature providing MSCC Funding with the right to request increases in commitments under the facility, subject to the satisfaction of various conditions, from new and existing lenders on the same terms and conditions as the existing commitments to up to a total of $800.0 million, (iii) extended the revolving period from November 2025 to September 2027, (iv) extended the final maturity date from November 2027 to September 2029, (v) decreased the interest rate to one-month term SOFR plus an applicable margin of (a) 2.35% during the revolving period (from 2.50% plus a 0.10% credit spread adjustment, or 2.60% in total), (b) 2.475% for the first year following the end of the revolving period (from 2.625%) and (c) 2.60% for the second year following the end of the revolving period (from 2.75%), and (vi) other changes as described in the Amendment. Affiliates of Truist and certain other lenders under the SPV Facility from time to time receive customary fees and expenses in the performance of investment banking, financial advisor

01. Other Events

Item 8.01. Other Events. On October 1, 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 Second Amendment, dated as of September 26, 2024, to Credit Agreement by and among MSCC Funding I, LLC, as the borrower, Main Street Capital Corporation, as the collateral manager, the lenders from time to time party thereto, Truist Bank, as administrative agent and swingline lender, Citibank, N.A., as collateral agent, document custodian and custodian, and Virtus Group, L.P., as collateral administrator 99.1 Press Release dated October 1, 2024 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: October 1, 2024 By: /s/ Jason B. Beauvais Name: Jason B. Beauvais Title: General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR