Main Street adds lender, lifts revolver commitments to $680 million

By Susanna Moon

Chicago, July 20 – Main Street Capital Corp. said it expanded the total commitments under its revolving credit facility to $680 million from $655 million.

The $25 million increase is due to the addition of a new lender, bringing the total number of banks to 17, according to a press release.

The commitment increase was executed under the accordion, which allows for up to $800 million of total commitments, the release noted.

Proceeds of the additional commitments will be used for additional financing capacity to support future investment and operational activities.

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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