Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
HOUSTON - Main Street Capital Corporation (NYSE:MAIN), trading near its 52-week high of $67.68 and boasting an impressive 50.55% return over the past year, has priced an underwritten public offering of $350 million in aggregate principal amount of notes due 2028, according to a press release statement issued today. According to InvestingPro, the company maintains a "GREAT" financial health score, suggesting strong operational performance.
The notes will bear interest at a rate of 5.40% per year, payable semiannually, and will mature on August 15, 2028. Main Street may redeem the notes in whole or in part at any time at par plus a "make-whole" premium, if applicable. The offering is expected to close on August 15, 2025.
The company plans to initially use the net proceeds to repay outstanding debt, including amounts under its corporate revolving credit facility or special purpose vehicle revolving credit facility. Through re-borrowing under these facilities, Main Street intends to make investments aligned with its investment objectives and strategies.
J.P. Morgan Securities LLC, RBC Capital Markets, LLC, SMBC Nikko Securities America, Inc., and Truist Securities, Inc. are acting as joint book-runners for the offering. Several other firms are serving as co-managers.
Main Street Capital Corporation provides customized long-term debt and equity capital solutions primarily to lower middle market companies with annual revenues between $10 million and $150 million, as well as debt capital to private companies owned by or in the process of being acquired by private equity funds.
The offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission.
In other recent news, Main Street Capital Corporation reported its Q2 2025 earnings, meeting expectations with an earnings per share of $0.99. The company’s revenue exceeded forecasts, reaching $144 million, which marked a 5.04% surprise. This strong financial performance highlights the company’s solid strategic direction and has been well-received by investors. Additionally, Truist Securities raised its price target for Main Street Capital to $64.00 from $54.00, while maintaining a Hold rating. The firm attributed this increase to the company’s successful Lower Middle Market (LMM) strategy, which continues to show strong performance and momentum in realized gains. These recent developments underscore Main Street Capital’s effective execution of its business strategies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.