Main Street boosts commitments under five-year facility, adds lender

By Susanna Moon

Chicago, July 1 – Main Street Capital Corp. said it amended its five-year credit facility, bumping up the total commitments to $502.5 million from $445 million.

Of the $57.5 million increase, five lenders raised commitments and a new lender was added, bringing the lending group to a total of 14, according to a company press release.

The amended facility also contains an upsized accordion that allows for lifting total commitments under the facility to up to $600 million of total commitments.

The upsizing provides Main Street with access to additional financing for future investment and operations, the company said.

Main Street has $253 million of outstanding debt under the facility.

Houston-based Main Street provides long-term debt and equity capital to lower middle-market companies and debt capital to middle-market companies.

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