Total Commitments Increased to $430 Million
HOUSTON, Oct. 13, 2023 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its wholly owned subsidiary, MSCC Funding I, LLC (the "SPV"), has expanded its senior secured revolving credit facility (the "SPV Credit Facility") from $255.0 million to $430.0 million. The $175.0 million increase in total commitments was the result of the addition of two new lender relationships under the SPV Credit Facility. The recent increase in total commitments was executed under the accordion feature of the SPV Credit Facility, which allows for an increase up to $450.0 million in total commitments under the facility from new and existing lenders on the same terms and conditions as the existing commitments. The recent increase in total commitments under the SPV Credit Facility provides Main Street with access to additional financing capacity to fund the future growth of its investment portfolio and for general corporate purposes.
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