Main Street underwriters exercise greenshoe option


The underwriters on Main Street Capital's (MAIN) 4M share secondary fully exercise their greenshoe option and expect to purchase 600K shares of common stock at $29.75 per share - which is where the Aug. 13 offering priced at and where the stock closed today.

Total net proceeds to Main Street Capital are about $131.4M. Main Street will use the money initially to pay down its line of credit, but expects to re-borrow as it finds new investments.

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