Main Street Capital Investor Day Presentation Deck
●
MAINST
Expanded and Diversified Lending Relationships While Expanding Liquidity
●
CAPITAL CORPORATION
Maintained investment grade debt ratings by S&P Global Ratings and Fitch Ratings
- S&P reaffirmed BBB-/Stable
- Fitch Ratings assigned initial BBB-/Stable rating in July 2022 and reaffirmed in April 2023
Issued new or expanded existing debt financing and commitments, including support of existing and
new lender relationships, totaling $530 million:
- Increased total commitments on our Corporate Facility by $125.0 million to $980.0 million
Entered into a new SPV Facility which includes $255.0 million in capacity due November 2027
- Issued $150.0 million of Series A/B unsecured notes due in December 2025
Repaid $185.0 million in unsecured notes which matured in December 2022
Raised net proceeds of $242.8 million (1) through equity offerings including $187.7 million through
ATM equity offerings at an average issue price premium to NAV per share of approximately 50% and
$55.1 million through an equity offering in August 2022
Expanded liquidity by $175.8 million to $710.8 million as of March 31, 2023 (²)
(1) Includes ATM Equity offerings from March 31, 2022 through March 31, 2023
(2) Liquidity includes cash and cash equivalents and availability under Credit Facilities; expanded liquidity position measured from March 31, 2022 to March 31, 2023
Main Street Capital Corporation
NYSE: MAIN
mainstcapital.comView entire presentation