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Main Street Capital Amends Corporate Credit Facility to $1.24 Billion

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Main Street Capital (MAIN) said Tuesday it has amended its revolving credit facility, increasing total commitments to $1.24 billion from about $1.18 billion.

The amended facility maintains an expanded accordion feature that allows total commitments to increase up to $1.86 billion from new and existing lenders on the same terms as the existing commitments, while maintaining a diversified group of 18 lenders, the company said.

The amendment also extends both the revolving period and the final maturity date through June 2030 and to June 2031, respectively.

Main Street said it maintains options under the amended corporate facility to extend the revolving period and the final maturity for up to two additional years, subject to certain conditions, including lender approval.

Price: $52.04, Change: $+0.48, Percent Change: +0.93%

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