Main Street Capital Corp 8-K

Summary

Debt issuance: Main Street issued $500M in principal of 6.55% notes due 2030, closing on 10/29/2026 and receiving approximately $493M in net proceeds. It plans initially to use the proceeds to repay outstanding debt, including amounts under its credit facilities.

Key Figures

• The notes are direct unsecured obligations, ranking equally with Main Street’s other unsecured debt but effectively subordinated to secured debt to the extent of collateral value and structurally subordinated to obligations of its subsidiaries and financing vehicles.
• Interest begins accruing on 10/29/2026 and is payable semiannually on January 15 and July 15, beginning 7/15/2027; maturity is 1/15/2030.
• Main Street may redeem the notes before 12/15/2029 at the greater of par or a make-whole price based on Treasury rates plus 30 bp, in each case with accrued interest; on or after that date, redemption is at par plus accrued interest. Following a change-of-control repurchase event, holders may require repurchase at par plus accrued interest.
• Covenants include compliance with applicable asset-coverage requirements and providing financial information to noteholders and the trustee if Main Street ceases to be subject to Exchange Act reporting requirements.