Main Street Capital Raises Credit Facility to $1.24B, Extends Maturity to 2031
MAIN•Main Street Capital boosted its revolving credit facility commitments by $65 million, raising capacity to $1.24 billion with an accordion to $1.86 billion. The amendment extends the reinvestment period to June 2030 and final maturity to June 2031, with options for two additional one-year extensions.
1. Increase in Credit Commitments
Main Street increased total commitments of its revolving credit facility from $1.175 billion to $1.240 billion and preserved an accordion feature that can boost capacity to $1.86 billion under the same terms.
2. Extended Reinvestment and Maturity Dates
The amendment extends the reinvestment period through June 2030 and pushes the final maturity date to June 2031, aligning the facility with the company’s long-term financing needs.
3. Optional Extension Features
Main Street retains options to extend both the reinvestment and final maturity by up to two additional one-year periods, subject to lender consent and certain conditions.
4. Diversified Lender Base and Strategic Flexibility
The facility continues to include 18 lenders, offering diversified funding sources and supporting the company’s strategy to provide customized debt and equity solutions to lower middle market firms.
