Main Street improves borrowing terms

|About: Main Street Capital (MAIN)|By:, SA News Editor

Main Street Capital (MAIN) closes on an amended credit facility, upping the capacity to $445M (with an accordion feature allowing it to get to $500M), extending the maturity to five years, and lowering the interest rate to Libor plus 2.25%. The company currently has about $166M of outstanding borrowings under the facility.