Main Street increases commitments with accordion to $780 million

By Cady Vishniac

Detroit, Nov. 5 – Main Street Capital Corp. expanded commitments under its revolving credit facility to $780 million from $740 million, according to a company press release.

The $40 million increase is the result of a new lender relationship and use of the accordion feature in the facility, bringing the lender group under the revolver to 19 participants.

The revolver’s accordion feature allows up to $800 million in total commitments under the facility on the same terms and conditions as the existing commitments.

Main Street is a Houston-based principal investment firm that provides debt and equity capital to middle-market companies.

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