Main Street Capital extends $555 million facility to September 2021

By Tali Rackner

Norfolk, Va., Nov. 1 – Main Street Capital Corp. amended its five-year credit facility to extend the final maturity by one year to September 2021, according to a press release.

The total commitments remain at $555 million and the up to $195 million accordion option is still in place.

The facility is available on a fully revolving basis for the entire five-year term.

Interest remains unchanged at Libor plus 187.5 basis points as long as Main Street maintains an investment-grade rating and satisfies certain excess collateral and leverage requirements.

In addition to the extended maturity, Main Street said it continues to maintain two, one-year extension options under the amended facility, which could extend the final maturity for up to two additional years.

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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