Main Street Capital Investor Presentation Deck
MAIN maintains a
conservative capital
structure, with limited
overall leverage and
an intentional mix of
secured, floating rate
revolving debt and
unsecured, fixed rate
long-term debt
E
Stable, Long-Term Leverage - Significant Unused Capacity
Facility
$980.0 million
Corporate
Facility
$255.0 million
SPV Facility(2)(3)
Notes Payable
Capital structure is
designed to correlate
to and complement
the expected duration
and fixed/floating rate Notes Payable
nature of investment
portfolio assets
Notes Payable
SBIC Debentures
Interest Rate
SOFR+1.875% floating
(6.6% (4))
SOFR+2.50% floating (7.3% (4))
3.00% fixed
5.20% fixed
7.74% (5) fixed
(weighted average)
2.87% fixed
(weighted average)
Maturity
August 2027(1)
MAIN ST
November 2027(²)
CAPITAL CORPORATION
Redeemable at MAIN's option at any
time, subject to certain make whole
provisions; Matures
July 14, 2026
Redeemable at MAIN's option at any
time, subject to certain make whole
provisions; Matures
May 1, 2024
Redeemable at MAIN's option at any
time, subject to certain make whole
provisions; Matures December 23,
2025
Various dates between 2023 - 2031
(weighted average duration = 5.1
years)
Principal Drawn
$394.0 million
$170.0 million
$500.0 million
$450.0 million
$150.0 million
$334.0 million
(1) As of March 31, 2023, MAIN maintained a corporate revolving line of credit (the Corporate Facility), which had $980.0 million in total commitments with an accordion feature with
the right to request an increase up to $1.4 billion; MAIN's Corporate Facility is fully revolving until August 2026, with a maturity date in August 2027
(2) As of March 31, 2023, MAIN tained a secured special purpose veh financing facility (the SPV Facility), which had $255.0 million in total co tments with an accordion
feature with the right to request an increase up to $450.0 million; MAIN's SPV Facility is fully revolving until November 2025, with a maturity date in November 2027
(3) Borrowings under the Corporate Facility and the SPV Facility (together, the Credit Facilities) are available to provide additional liquidity for investment and operational activities
(4) Credit Facilities' rates reflect the rate based on SOFR as of March 31, 2023 and effective as of the contractual reset date as of April 1, 2023
(5) Based upon $100.0 million and $50.0 million in aggregate principal amount bearing interest at 7.84% and 7.53%, respectively
Main Street Capital Corporation
NYSE: MAIN
mainstcapital.com
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