Main Street Capital Prices Underwritten Public | Global Market News
(RTTNews) – Main Street Capital Corp. (MAIN) introduced that it has priced an underwritten public offering of $350 million in mixture principal quantity of 5.40% notes due 2028.
The Notes will bear curiosity at a fee of 5.40% per 12 months, payable semiannually, will mature on August 15, 2028 and could also be redeemed in complete or partially at Main Street’s option at any time at par plus a “make-whole” premium, if relevant.
The offering is anticipated to close on August 15, 2025.
Main Street mentioned it intends to initially use the web proceeds from this offering to repay excellent indebtedness, together with quantities excellent beneath Main Street’s company revolving credit facility or its particular goal vehicle revolving credit facility, after which, via re-borrowing beneath the Credit Facilities, to make investments in accordance with its investment goal and methods, to make investments in marketable securities and idle funds investments, to pay working bills and different money obligations, and for basic company functions.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
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