HOUSTON, Aug. 10,
2022 /PRNewswire/ -- Main Street Capital Corporation
(NYSE: MAIN) ("Main Street") is pleased to announce that it plans
to make a public offering of $50,000,000 of shares of its common stock. In
connection with the proposed offering, Main Street intends to grant
the underwriters an option to purchase additional shares of its
common stock. The offering is subject to general market conditions,
and there can be no assurance as to whether or when the offering
may be completed, or as to the size or terms of the offering.
Main Street intends to initially use the net proceeds from this
offering to repay outstanding debt borrowed under its credit
facility and then, through re-borrowing under the credit facility,
to make investments in accordance with its investment objective and
strategies, to make investments in marketable securities and idle
funds investments, to pay operating expenses and other cash
obligations, and for general corporate purposes.
RBC Capital Markets, UBS Investment Bank and Wells Fargo
Securities are acting as joint bookrunners for this offering.
Investors should carefully consider, among other things, Main
Street's investment objective and strategies and the risks related
to Main Street and the offering before investing. The preliminary
prospectus supplement dated August 10,
2022, the accompanying prospectus dated March 3, 2022, each of which has been filed with
the Securities and Exchange Commission (the "SEC"), any related
free writing prospectus, and any information incorporated by
reference in each, contain this and other information about Main
Street and should be read carefully before investing.
A shelf registration statement relating to these securities is
on file with the SEC and effective. The offering may be made only
by means of a preliminary prospectus supplement and an accompanying
prospectus, copies of which may be obtained from RBC Capital
Markets, LLC, 200 Vesey Street, 8th Floor, New York, New York, 10281, Attn: Prospectus
Department, or by telephone at (877) 822-4089, UBS Securities LLC,
Attention: Prospectus Department, 1285 Avenue of the Americas,
New York, NY 10019, telephone:
(888) 827-7275 or email: ol-prospectusrequest@ubs.com and Wells
Fargo Securities, LLC, Attention: Equity Syndicate Department, 30
Hudson Yards, New York, NY, 10001,
by telephone: (800) 326-5897 or by email at
cmclientsupport@wellsfargo.com.
The information in the preliminary prospectus supplement, the
accompanying prospectus and this press release is not complete and
may be changed. The preliminary prospectus supplement, the
accompanying prospectus and this press release do not constitute
offers to sell or a solicitation of offers to buy, nor will there
be any sale of the shares referred to in this press release, in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to the registration or qualification under
the securities laws of such state or jurisdiction.
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street
(www.mainstcapital.com) is a principal investment firm that
primarily provides long-term debt and equity capital to lower
middle market companies and debt capital to middle market
companies. Main Street's portfolio investments are typically
made to support management buyouts, recapitalizations, growth
financings, refinancings and acquisitions of companies that operate
in diverse industry sectors. Main Street seeks to partner
with entrepreneurs, business owners and management teams and
generally provides "one stop" financing alternatives within its
lower middle market investment strategy. Main Street's lower
middle market companies generally have annual revenues between
$10 million and $150 million. Main Street's private loan
and middle market debt investments are made in businesses that are
generally larger in size than its lower middle market portfolio
companies.
Main Street, through its wholly owned portfolio company MSC
Adviser I, LLC ("MSC Adviser"), also maintains an asset management
business through which it manages investments for external
parties. MSC Adviser is registered as an investment adviser
under the Investment Advisers Act of 1940, as
amended.
FORWARD-LOOKING STATEMENTS
This press release contains
certain forward-looking statements which are based upon Main Street
management's current expectations and are inherently
uncertain. Any such statements other than statements of
historical fact are likely to be affected by other unknowable
future events and conditions, including elements of the future that
are or are not under Main Street's control, and that Main Street
may or may not have considered; accordingly, such statements cannot
be guarantees or assurances of any aspect of future
performance. Actual performance and results could vary
materially from these estimates and projections of the future as a
result of a number of factors, including those described from time
to time in Main Street's filings with the SEC. Such
statements speak only as of the time when made and are based on
information available to Main Street as of the date hereof and are
qualified in their entirety by this cautionary statement.
Main Street assumes no obligation to revise or update any such
statement now or in the future.
Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO,
dhyzak@mainstcapital.com
Jesse E. Morris, CFO and COO,
jmorris@mainstcapital.com
713-350-6000
Dennard Lascar Investor
Relations
Ken Dennard |
ken@dennardlascar.com
Zach Vaughan |
zvaughan@dennardlascar.com
713-529-6600
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SOURCE Main Street Capital Corporation