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US56035L1044
State: 17.08.2024 | 11PM
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FIGI: BBG000BXT422
MAIN

Main Street Capital Corporation
GICS: - · Sector: Financial Services · Sub-Sector: Asset Management
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Main Street Capital Corporation
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US56035L1044
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Thu, 07.11.2024       Main Street Capital

Third Quarter 2024 Net Investment Income of $1.00 Per Share

Third Quarter 2024 Distributable Net Investment Income(1) of $1.06 Per Share

Net Asset Value of $30.57 Per Share

HOUSTON, Nov. 7, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce its financial results for the third quarter ended September 30, 2024. Unless otherwise noted or the context otherwise indicates, the terms "we," "us," "our" and the "Company" refer to Main Street and its consolidated subsidiaries.

Tue, 05.11.2024       Main Street Capital

Regular Monthly Dividends of $0.25 Per Share for each of January, February and March 2025

Monthly Dividends Represent a 2.0% Increase Compared to Fourth Quarter 2024 and a 4.2% Increase Compared to First Quarter 2024

Supplemental Dividend of $0.30 Per Share Payable in December 2024

HOUSTON, Nov. 5, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its Board of Directors declared regular monthly cash dividends of $0.25 per share for each of January, February and March 2025.  These monthly dividends, which will be payable pursuant to the table below, total $0.75 per share for the first quarter of 2025 and represent a 2.0% increase from the regular monthly dividends declared for the fourth quarter of 2024 and a 4.2% increase from the regular monthly dividends paid in the first quarter of 2024. Since its October 2007 initial public offering, Main Street has periodically increased the amount of its regular monthly dividends paid per share and has never reduced its regular monthly dividend amount per share.

Wed, 16.10.2024       Main Street Capital

Invests $41.4 Million in Connect Telecommunications Solutions Inc.

HOUSTON, Oct. 16, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $41.4 million to facilitate the minority recapitalization of Connect Telecommunications Solutions Inc. ("Connect" or the "Company"), a leading value-added distributor of fiber management solutions to the Canadian telecommunications industry. Main Street, along with its co-investor, partnered with the Company's founders to facilitate the transaction, with Main Street's investment including a combination of first-lien, senior secured term debt and a direct equity investment.

Tue, 15.10.2024       Main Street Capital

Announces Third Quarter 2024 Earnings Release and Conference Call Schedule

HOUSTON, Oct. 15, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the third quarter of 2024 and its third quarter 2024 earnings release and conference call schedule.

In commenting on the Company's operating results for the third quarter of 2024, Dwayne L. Hyzak, Main Street's Chief Executive Officer, stated, "We are pleased with our performance in the third quarter, which resulted in another quarter of strong operating results, including a new record for net asset value per share for the ninth consecutive quarter, distributable net investment income per share that continued to exceed the dividends paid to our shareholders and an estimated return on equity of over 18% for the quarter. We believe that these continued strong results demonstrate the sustainable strength of our overall platform, the benefits of our differentiated and diversified investment strategies, the unique contributions of our asset management business and the underlying strength and quality of our portfolio companies. We are also pleased that we further improved our strong capital structure and liquidity position during the quarter and ended the quarter with attractive investment pipelines in both our lower middle market and private loan investment strategies, each of which have us well positioned for the future."

Thu, 10.10.2024       Main Street Capital

HOUSTON, Oct. 10, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the following recent activity in its private loan portfolio. During the third quarter of 2024, Main Street originated new or increased commitments in its private loan portfolio of $270.3 million and funded total investments across its private loan portfolio with a cost basis totaling $309.3 million.

The following represent notable new private loan commitments and investments during the third quarter of 2024:

Tue, 08.10.2024       Main Street Capital

Invests $74.4 Million in Recapitalization of Victory Energy Operations

HOUSTON, Oct. 8, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $74.4 million to facilitate a majority recapitalization of Victory Energy Operations ("Victory" or the "Company"), a leading designer and manufacturer of industrial and commercial combustion, heat-transfer and steam production solutions for a diverse group of industries. Main Street, along with its co-investor, partnered with Victory's founder and management team to facilitate the majority recapitalization and to buyout an institutional investor. Main Street's investment in the Company included a combination of first-lien, senior secured term debt and a direct equity investment.

Thu, 12.09.2024       Main Street Capital

HOUSTON, Sept. 11, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it has priced an underwritten public offering of an additional $100 million in aggregate principal amount of its 6.50% notes due 2027 (the "Notes"). The Notes are being issued at a premium to par at a public offering price of 102.134% of the principal amount per Note, resulting in estimated gross proceeds of approximately $102.1 million and a yield-to-maturity of 5.617%.

Tue, 10.09.2024       Main Street Capital

HOUSTON, Sept. 10, 2024 /PRNewswire/ -- MSC Income Fund, Inc. (the "Company") is pleased to announce that it recently filed a Definitive Proxy Statement (the "Definitive Special Proxy Statement") with the U.S. Securities and Exchange Commission (the "SEC") in connection with the Company's upcoming Special Meeting of Shareholders (the "Special Meeting"), which will be held on Monday, December 2, 2024, in the East-West Conference Rooms at 1330 Post Oak Boulevard, 2nd Floor, Houston, Texas 77056, commencing at 9:00 a.m., local time. The Definitive Special Proxy Statement details a series of proposals which the Company believes will position it to effectuate a listing of its shares of common stock on a national securities exchange (such as the New York Stock Exchange or NASDAQ Stock Market) (a "Listing"), which may be accompanied by a follow-on public offering of its shares, in each case if and when market conditions make it desirable to do so and if it is otherwise in the Company's and its shareholders' best interest.

Tue, 10.09.2024       Main Street Capital

HOUSTON, Sept. 10, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that MSC Income Fund, Inc. ("MSC Income"), a non-listed business development company ("BDC") for which Main Street's wholly owned registered investment adviser, MSC Adviser I, LLC ("MSC Adviser"), serves as the investment adviser and administrator, recently filed a Definitive Proxy Statement (the "Definitive Special Proxy Statement") with the U.S. Securities and Exchange Commission (the "SEC") in connection with an upcoming Special Meeting of MSC Income shareholders (the "MSC Income Special Meeting"). The Definitive Special Proxy Statement details a series of proposals which Main Street and MSC Income believe will position MSC Income to effectuate a listing of its shares of common stock on a national securities exchange (such as the New York Stock Exchange or NASDAQ Stock Market) (a "Listing"), which may be accompanied by a follow-on public offering of MSC Income's shares, in each case if and when market conditions make it desirable to do so and if it is otherwise in MSC Income's and its shareholders' best interest.

Thu, 29.08.2024       Main Street Capital

Partnership to Accelerate Future Growth and Innovation of MoneyThumb's SaaS Document Evaluation Technology

SAN DIEGO, Aug. 29, 2024 /PRNewswire/ -- MoneyThumb, a leader in automated document evaluation and fraud detection solutions announced today that it has been acquired by Iron Creek Partners LLC ("Iron Creek"), a private investment firm with a focus on investments in the software, data, communications, and business services industries. Iron Creek led the investment group, which also included Main Street Capital Corporation (NYSE: MAIN). The transaction will provide growth capital to help meet MoneyThumb's strong industry demand, which has recently produced 100% year-over-year annual growth. The transaction closed on August 19, 2024.

Thu, 29.08.2024       Main Street Capital

Invests $11.2 Million in Recapitalization of MoneyThumb, Inc.

HOUSTON, Aug. 29, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $11.2 million to facilitate the majority recapitalization of MoneyThumb, Inc. ("MoneyThumb" or the "Company"), a leading software-as-a-service provider of financial file conversion, reconciliation and analysis software to end customers primarily in the merchant cash advance ("MCA") and accounting industries. Main Street, along with its co-investor, partnered with Iron Creek Partners, LLC, the majority equity investor in the recapitalization transaction and a sector-focused private investment firm that Main Street has partnered with on several prior investments, and MoneyThumb's founder and senior management team to facilitate the transaction. Main Street's portion of the funding for the recapitalization was a total of $11.2 million and included a combination of first lien, senior secured debt with equity warrant participation and a direct minority equity investment.

Thu, 08.08.2024       Main Street Capital

Second Quarter 2024 Net Investment Income of $1.01 Per Share

Second Quarter 2024 Distributable Net Investment Income(1) of $1.07 Per Share

Net Asset Value of $29.80 Per Share

HOUSTON, Aug. 8, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce its financial results for the second quarter ended June 30, 2024. Unless otherwise noted or the context otherwise indicates, the terms "we," "us," "our" and the "Company" refer to Main Street and its consolidated subsidiaries.

Thu, 08.08.2024       Main Street Capital

HOUSTON, Aug. 8, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its Board of Directors has promoted Ryan R. Nelson to Chief Financial Officer and Treasurer, Cory E. Gilbert to Chief Financial Officer – Asset Management Business and Ryan H. McHugh to Vice President, Chief Accounting Officer and Assistant Treasurer, each effective as of August 12, 2024. Mr. Nelson currently serves as Main Street's Vice President, Chief Accounting Officer and Assistant Treasurer and succeeds Jesse E. Morris in his new role. Mr. Morris will continue to serve as Main Street's Executive Vice President, Chief Operating Officer and Senior Managing Director. Mr. Gilbert currently serves as Main Street's Vice President Finance and Chief Accounting Officer – Asset Management Business. Mr. McHugh currently serves as Main Street's Vice President of Finance.

Thu, 25.07.2024       Main Street Capital

HOUSTON, July 25, 2024 /PRNewswire/ -- MSC Income Fund, Inc. (the "Company") is pleased to announce that it has filed a Preliminary Proxy Statement (the "Special Proxy Statement") with the U.S. Securities and Exchange Commission (the "SEC") in connection with the Company's upcoming Special Meeting of Shareholders (the "Special Meeting"). The Special Proxy Statement details a series of proposals which the Company believes will position it to effectuate a listing of its shares of common stock on a national securities exchange (such as the New York Stock Exchange or NASDAQ Stock Market) (a "Listing"), which may be accompanied by a follow-on public offering of its shares, in each case if and when market conditions make it desirable to do so and if it is otherwise in the Company's and its shareholders' best interest.

Thu, 25.07.2024       Main Street Capital

HOUSTON, July 25, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that MSC Income Fund, Inc. ("MSC Income"), a non-listed business development company ("BDC") for which Main Street's wholly owned registered investment adviser, MSC Adviser I, LLC ("MSC Adviser"), serves as the investment adviser and administrator, has filed a Preliminary Proxy Statement (the "Special Proxy Statement") with the U.S. Securities and Exchange Commission (the "SEC") in connection with an upcoming Special Meeting of MSC Income shareholders (the "MSC Income Special Meeting"). The Special Proxy Statement details a series of proposals which Main Street and MSC Income believe will position MSC Income to effectuate a listing of its shares of common stock on a national securities exchange (such as the New York Stock Exchange or NASDAQ Stock Market) (a "Listing"), which may be accompanied by a follow-on public offering of MSC Income's shares, in each case if and when market conditions make it desirable to do so and if it is otherwise in MSC Income's and its shareholders' best interest.

Tue, 16.07.2024       Main Street Capital

Announces Second Quarter 2024 Earnings Release and Conference Call Schedule

HOUSTON, July 16, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the second quarter of 2024 and its second quarter 2024 earnings release and conference call schedule.

In commenting on the Company's operating results for the second quarter of 2024, Dwayne L. Hyzak, Main Street's Chief Executive Officer, stated, "We are pleased with our performance in the second quarter, which resulted in another quarter of strong operating results, including a new record for net asset value per share for the eighth consecutive quarter, distributable net investment income per share that continued to exceed the dividends paid to our shareholders and an estimated return on equity of over 15% for the quarter. We believe that these continued strong results demonstrate the sustainable strength of our overall platform, the benefits of our differentiated and diversified investment strategies, the unique contributions of our asset management business and the underlying strength and quality of our portfolio companies. We are also pleased that we generated growth in both our lower middle market and private loan investment portfolios and ended the quarter with attractive investment pipelines in both investment strategies, which we expect will be beneficial in the future."

Thu, 11.07.2024       Main Street Capital

HOUSTON, July 11, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the following recent activity in its private loan portfolio. During the second quarter of 2024, Main Street originated new or increased commitments in its private loan portfolio of $375.9 million and funded total investments across its private loan portfolio with a cost basis totaling $323.8 million.

The following represent notable new private loan commitments and investments during the second quarter of 2024:

Fri, 28.06.2024       Main Street Capital

Total Commitments Increased to $1.110 Billion and Final Maturity of the Facility Extended to June 2029

HOUSTON, June 28, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the amendment of its revolving credit facility (the "Corporate Facility"). The recently closed amendment provides an increase in total commitments from $995.0 million to $1.110 billion and an increase to the diversified group of lenders to 19 lenders, while maintaining an expanded accordion feature that allows for an increase up to $1.665 billion of total commitments from new and existing lenders on the same terms and conditions as the existing commitments. The amendment also provides for maturity dates of June 2029 on $1.035 billion and August 2027 on $0.075 billion of the total revolving commitments, respectively. In addition to the increased commitments and extended maturity, Main Street continues to maintain two, one-year extension options under the amended Corporate Facility which could extend the final maturity of the Corporate Facility for up to two additional years, subject to certain conditions, including lender approval.

Tue, 11.06.2024       Main Street Capital

Invests $36.9 Million in Nello Industries Investco, LLC

Generates $10.4 Million Realized Gain From the Partial Exit of Investments in a Lower Middle Market Portfolio Company

HOUSTON, June 11, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $36.9 million to facilitate the management led buyout of Nello Industries, LLC ("Nello" or the "Company"), a manufacturer of engineered poles and towers for electric utility, telecommunications and other related wireless and electric transmission infrastructure applications. Main Street, along with its co-investor, partnered with the Company's founding management team to facilitate the management led buyout, with Main Street's investment including a combination of first lien, senior secured term debt and a direct equity investment. In addition, Main Street and its co-investor provided the Company with a revolving line of credit, a portion of which was funded on the closing date, to support the Company's future growth initiatives and working capital needs and expects to provide additional growth capital in the future to help facilitate the Company's growth strategy.

Thu, 30.05.2024       Main Street Capital

Invests $32.8 Million in a Provider of Supply Chain Management Services

HOUSTON, May 30, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $32.8 million in a leading provider of supply chain management services for U.S. federal government agencies (the "Company").  Main Street completed the investment to support the Company's acquisition of a provider of equipment sales and rental solutions to U.S. federal government agencies as part of the Company's ongoing growth strategy. Main Street, along with its co-investor, partnered with the Company's management team to facilitate the transaction, with Main Street funding $32.8 million of first lien, senior secured term debt with equity warrant participation.

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