Main Street Capital Investor Presentation Deck
Middle Market Investment Portfolio
Middle Market
investment portfolio
provides a diversified
mix of investments and
diverse sources of
income to complement
the LMM investment
portfolio and represents
a potential source of
liquidity for MAIN's
future investment
activities
30 investments / $306.2 million in fair value
7% of total investment portfolio at fair value
Average investment size of $13.0 million(¹) (less than 1% of total
portfolio)
●
Investments in secured and/or rated debt investments
94% of Middle Market portfolio is secured debt
99% of Middle Market debt portfolio is first lien term debt
●
MAIN ST
●
CAPITAL CORPORATION
Debt yielding 11.8%
(2)
95% of Middle Market debt investments bear interest at floating
(1)
rates(3), providing matching with MAIN's floating rate Credit
Facilities (4)
●
Over 450 basis point effective interest margin vs "matched"
floating rate on MAIN's Credit Facilities (4)
NYSE: MAIN
(1) As of March 31, 2023; based on cost
(2) Weighted-average effective yield is calculated using the applicable interest rate as of March 31, 2023 and includes amortization of deferred debt origination fees and accretion
of original issue discount, but excludes fees payable upon repayment of the debt instruments and any debt investments on non-accrual status
(3) 80% of floating interest rates on Middle Market debt investments are subject to contractual minimum "floor" rates
(4) Includes MAIN's Credit Facilities as defined on page 11; see additional details on page 42
Main Street Capital Corporation
mainstcapital.com
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