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Interest Rate Reduced
Final Maturity Date Extended to September 2030
HOUSTON, April 24, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its wholly-owned subsidiary, MSCC Funding I, LLC ("MSCC Funding"), recently amended its special purpose vehicle revolving credit facility (the "SPV Facility"). The recently closed amendment decreases the interest rate during the revolving period to one-month term Secured Overnight Financing Rate ("Term SOFR") plus 1.95% (from the prior interest rate of Term SOFR plus 2.35%) and during the first and second years after the revolving period to Term SOFR plus 2.075% and 2.20%, respectively (from the prior interest rate of Term SOFR plus 2.475% and 2.60%, respectively). The amendment also extends both the revolving period, or reinvestment period, and the final maturity date by one year through September 2028 and to September 2030, respectively. The amendment also decreases the unused fee to 0.40% (from 0.50%) on the unused amount up to 50% (from 35%) of the commitment amount.
Call Scheduled for 10:00 a.m. Eastern Time on Tuesday, May 13, 2025
HOUSTON, April 17, 2025 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) ("MSC Income" or the "Company") is pleased to announce that it will release its first quarter 2025 results on Monday, May 12, 2025 after the financial markets close. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live via phone and over the Internet, on Tuesday, May 13, 2025 at 10:00 a.m. Eastern time. Investors may participate either by phone or audio webcast.(1)
Announces First Quarter 2025 Earnings Release and Conference Call Schedule
HOUSTON, April 16, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the first quarter of 2025 and its first quarter 2025 earnings release and conference call schedule.
In commenting on the Company's preliminary operating results for the first quarter of 2025, Dwayne L. Hyzak, Main Street's Chief Executive Officer, stated, "We are pleased with our performance in the first quarter, which resulted in another quarter of strong operating results, including a new record for net asset value per share for the eleventh consecutive quarter, favorable distributable net investment income per share and significant net unrealized appreciation, which resulted in an estimated return on equity of over 16% for the first quarter. We are pleased with our first quarter 2025 results and look forward to sharing the full details of our results in a few weeks."
HOUSTON, April 10, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the following recent activity in its private loan portfolio. During the first quarter of 2025, Main Street originated new or increased commitments in its private loan portfolio of $130.4 million and funded total investments across its private loan portfolio with a cost basis totaling $138.2 million.
The following represent notable new private loan commitments and investments during the first quarter of 2025:
HOUSTON, April 10, 2025 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) ("MSC Income" or the "Company") is pleased to announce the following recent activity in its private loan portfolio. During the first quarter of 2025, MSC Income originated new or increased commitments in its private loan portfolio of $135.9 million and funded total investments across its private loan portfolio with a cost basis totaling $137.5 million.
The following represent notable new private loan commitments and investments during the first quarter of 2025:
Invests $12.5 Million in Recapitalization of a Management Services Organization
HOUSTON, April 1, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $12.5 million to facilitate the minority recapitalization of a leading vascular care management services organization located in the Northeastern U.S. (the "Company"). Main Street partnered with the Company's founders to facilitate the minority recapitalization. Main Street's investment in the Company includes a combination of first lien, senior secured term debt and a direct equity investment.
Invests $49.3 Million in Recapitalization of Moffitt Holdings, LLC
HOUSTON, March 25, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $49.3 million to facilitate the minority recapitalization of Moffitt Holdings, LLC, dba Moffitt Services ("Moffitt" or the "Company"), a leading bulk fuel and lubricant distribution solutions provider for a diverse group of industries. Main Street partnered with Moffitt's founders and management team to facilitate the minority recapitalization. Main Street's investment in the Company includes a combination of first-lien, senior secured term debt and a direct equity investment.
Interest Rate Reduced; Maturity of the Facility Extended to February 2030
HOUSTON, March 25, 2025 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) (the "Company") is pleased to announce that its wholly-owned subsidiary, MSIF Funding, LLC, recently amended its special purpose vehicle revolving credit facility (the "SPV Facility") with JPMorgan Chase Bank, National Association. The recently closed amendment decreases the interest rate to three-month Secured Overnight Financing Rate ("SOFR") plus 2.20% from the prior interest rate of three-month SOFR plus 3.00% per annum. The amendment also extends the revolving period, or reinvestment period, through February 2029 and the final maturity date to February 2030.
Fourth Quarter 2024 Net Investment Income of $0.35 Per Share
Net Asset Value of $15.53 Per Share
HOUSTON, March 19, 2025 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) ("MSC Income") is pleased to announce its financial results for the fourth quarter and full year ended December 31, 2024. Unless otherwise noted or the context otherwise indicates, the terms the "Company" and the "Fund" refer to MSC Income and its consolidated subsidiaries.
Fourth Quarter 2024 Highlights(1)
Net investment income of $14.2 million (or $0.35 per share)Total investment income of $33.5 millionNet increase in net assets resulting from operations of $20.5 million (or $0.51 per share)Return on equity(2) of 13.2% on an annualized basisNet asset value of $15.53 per share as of December 31, 2024, representing an increase of $0.15 per share, or 1.0%, compared to $15.38 per share as of September 30, 2024Declared regular quarterly dividends totaling $0.36 per share payable in the first quarter of 2025, representing a 2.9% increase from the regular quarterly dividends paid in the first quarter of 2024Completed $29.5 million in total private loan portfolio investments, which after aggregate repayments of private loan portfolio debt investments and a decrease in cost basis due to a realized loss on a private loan portfolio investment resulted in a net decrease of $5.5 million in the total cost basis of the private loan investment portfolioCompleted $30.5 million in total lower middle market ("LMM") portfolio investments, including investments of $16.6 million in two new LMM portfolio companies, which after aggregate repayments of LMM portfolio debt investments and a decrease in cost basis due to a realized loss on a LMM portfolio investment resulted in a net increase of $16.4 million in the total cost basis of the LMM investment portfolioNet decrease of $7.5 million in the total cost basis of the middle market investment portfolioKroll Bond Rating Agency, LLC ("KBRA") reaffirmed the Fund's investment grade issuer and senior unsecured debt rating of BBB- with a stable outlookFurther enhanced the Fund's capital structure and liquidity position by amending the Fund's Corporate Facility (as defined in the Liquidity and Capital Resources section below), which provided extensions of the revolving period to November 2028 and the final maturity date to May 2029 and decreased the interest rate for outstanding borrowings to, subject to the Company's election, on a per annum basis, a rate equal to (i) SOFR plus 2.05% (from 2.50%) or (ii) the base rate plus 1.05% (from 1.40%)Regular Quarterly Dividend of $0.35 per Share and Supplemental Quarterly Dividend of $0.01 per Share Payable May 1, 2025
HOUSTON, March 7, 2025 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) (the "Company") is pleased to announce that its Board of Directors has declared a regular quarterly cash dividend of $0.35 per share for the second quarter of 2025 payable in May 2025.
Second Quarter 2025 Regular Quarterly Dividend
Declared
Record Date
Payment Date
Amount Per Share
3/6/2025
3/31/2025
5/1/2025
$0.35