Main Street Capital Corporation announced on April 24, 2025, the amendment of its wholly-owned subsidiary's special purpose vehicle revolving credit facility. The amendment decreased the interest rate during the revolving period to one-month Term SOFR plus 1.95% from the prior rate of Term SOFR plus 2.35%.
The interest rate for the first and second years after the revolving period was also reduced to Term SOFR plus 2.075% and 2.20%, respectively, from the prior rates of Term SOFR plus 2.475% and 2.60%. These reductions lower Main Street's borrowing costs.
The revolving period and the final maturity date were both extended by one year, through September 2028 and to September 2030, respectively. The unused fee was also decreased to 0.40% from 0.50% on the unused amount up to 50% of the commitment.
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