Main Street Capital Investor Day Presentation Deck
Private Loan Investment Portfolio(¹)
Private Loan investment
portfolio provides a
diversified mix of
investments and
sources of income to
complement the LMM
investment portfolio
86 investments / $1.5 billion in fair value
36% of total investment portfolio at fair value
●
Average investment size of $17.8 million, at cost (less than 1%
of total portfolio)
●
Investments in secured debt instruments
97% of Private Loan portfolio is secured debt
99% of Private Loan debt portfolio is first lien term debt
●
MAINST
CAPITAL CORPORATION
●
Debt yielding 12.4% (²)
98% (1) of Private Loan debt investments bear interest at floating
rates(3), providing matching with MAIN's floating rate Credit
Facilities (4)
Approximately 525 basis point effective interest margin vs
"matched" floating rate on MAIN's Credit Facilities (4)
NYSE: MAIN
(1)
As of March 31, 2023
(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) 95% of floating interest rates on Private Loan debt investments are subject to contractual minimum "floor" rates
(4) See Main Street Investor Presentation, available on the MAIN website, for the definition of MAIN's Credit Facilities (page 11) and for additional details about MAIN's Credit
Facilities (page 42)
Main Street Capital Corporation
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