Main Street Capital amends credit facility, pushing out the maturity

By Sara Rosenberg

New York, Nov. 2 - Main Street Capital Corp. amended its $287.5 million credit facility, extending the maturity to September 2017 with loan fully revolving for the first three years, according to an 8-K filed with the Securities and Exchange Commission on Friday.

The facility continues to have two one-year extension options.

Also as part of the amendment, the accordion feature was increased so that the total facility size can be $400 million.

The amendment was completed on Nov. 1.

Branch Banking and Trust Co. is the administrative agent on the deal.

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

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