Main Street Investor Presentation
Private Loan Investment Portfolio
MAINST
CAPITAL CORPORATION
Private Loan Investment
Portfolio provides a
diversified mix of
investments and
sources of income to
complement the LMM
Investment Portfolio
64 investments/ $653.8 million in fair value
27% of total investment portfolio at fair value
Average investment size of $11.7 million(1) (less than 1% of total
portfolio)
Investments in secured debt instruments
•
92% of Private Loan portfolio is secured debt
• 95% of Private Loan debt portfolio is first lien term debt
Debt yielding 8.7% (2)
91% of Private Loan debt investments bear interest at floating
rates (3), providing matching with MAIN's floating rate credit facility
Approximately 575 basis point net cash interest margin vs
"matched" floating rate on the MAIN credit facility
(1) As of June 30, 2020; based on cost
(2) Weighted-average effective yield 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) 87% of floating interest rates on Private Loan debt investments are subject to contractual minimum "floor" rates
Main Street Capital Corporation
NYSE: MAIN
mainstcapital.com
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