- Main Street priced an underwritten public offering of USD 200 million of 6.95% notes due 2029.
- The notes were issued at 102.06% of par, for estimated gross proceeds of about USD 204.1 million.
- The new notes are an additional issuance of notes first sold in January 2024 and will be treated as a single series with the existing 2029 notes.
- After closing, total outstanding principal of Main Street’s 6.95% notes due 2029 is expected to be USD 550 million.
- Main Street said it intends to use net proceeds to repay outstanding debt, including amounts under its revolving credit facilities.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Main Street Capital Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202603271710PR_NEWS_USPR_____DA21535) on March 27, 2026, and is solely responsible for the information contained therein.
Comments