Main Street Capital issues additional $50M of investment grade notes
Main Street Capital $Main Street Capital(MAIN)$ said it closed the issue of an additional $50M of investment grade notes.
The notes were issued pursuant to a supplement to Main Street's (MAIN) $100M private note offering.
The new notes are unsecured and bear interest at a fixed rate of 7.53% per year, payable semiannually, and mature on December 23, 2025.
Net proceeds will be used to initially repay a portion of outstanding debt under its revolving credit facility and, through re-borrowing under its credit facility, to fund investments, pay operating expenses, and for general corporate purposes.
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- wigglyz·2023-02-13This is a tough chart here, people. Could break either way, though seems to lean bullish. Noise in media calls for recession or slowness, but there are contrarian indicators.LikeReport
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