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    Main Street Capital Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Other Events, Financial Statements and Exhibits

    4/24/25 6:57:41 PM ET
    $MAIN
    Finance/Investors Services
    Finance
    Get the next $MAIN alert in real time by email
    main-20250424
    0001396440false00013964402025-04-242025-04-24
    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549
    __________________________________________________________________________
    FORM 8-K
    __________________________________________________________________________
    CURRENT REPORT
    Pursuant to Section 13 OR 15(d) of
    the Securities Exchange Act of 1934
    Date of Report (Date of earliest event reported) April 24, 2025
    __________________________________________________________________________
    Main Street Capital Corporation
    (Exact name of registrant as specified in its charter)
    Maryland
    814-00746
    41-2230745
    (State or other jurisdiction
    of incorporation)
    (Commission File Number)
    (IRS Employer Identification No.)
    1300 Post Oak Boulevard, 8th Floor, Houston, Texas
    77056
    (Address of principal executive offices)
    (Zip Code)
    Registrant's telephone number, including area code:   (713) 350-6000
    Not Applicable
    ___________________________________________________________________________________
    (Former name or former address, if changed since last report)
    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
    registrant under any of the following provisions:
    o
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    o
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    o
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    o
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
    Securities registered pursuant to Section 12(b) of the Act:
    Title of each class
    Trading Symbol
    Name of each exchange on which registered
    Common Stock, par value $0.01 per share
    MAIN
    New York Stock Exchange
    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act
    of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
    Emerging growth company o
    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition
    period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the
    Exchange Act. o
    Item 1.01.Entry into a Material Definitive Agreement.
    On April 24, 2025, Main Street Capital Corporation (“Main Street”), through its wholly-owned subsidiary, MSCC Funding
    I, LLC (“MSCC Funding”), entered into that certain Third Amendment (the “Amendment”) to the Revolving Credit and
    Security Agreement dated as of November 22, 2022 (as amended, supplemented and restated prior to the Amendment, the
    “Credit Amendment” and, as amended by the Amendment, the “SPV Facility”), among MSCC Funding, as borrower, the
    lenders from time to time party thereto, Main Street, as collateral manager, Truist Bank (“Truist”), acting as administrative
    agent and swingline lender, Citibank, N.A., acting as collateral agent, document custodian and custodian, Virtus Group,
    L.P., as collateral administrator, and Western Alliance Trust Company, N.A., as successor collateral agent, successor
    document custodian, successor custodian and successor collateral administrator.
    The Amendment amended the Credit Agreement as follows: (i) decreased the interest rate to one-month term Secured
    Overnight Financing Rate plus an applicable margin of (a) 1.95% during the revolving period (from 2.35%), (b) 2.075%
    for the first year following the end of the revolving period (from 2.475%) and (c) 2.20% for the second year following the
    end of the revolving period (from 2.60%), (ii) extended the revolving period from through September 2027 to through
    September 2028, (iii) extended the final maturity date from September 2029 to September 2030, (iv) decreased the unused
    fee to 0.40% (from 0.50%) on the unused amount up to 50% (from 35%) of the commitment amount and (v) other changes
    as described in the Amendment.
    Affiliates of Truist and certain other lenders under the SPV Facility from time to time receive customary fees and expenses
    in the performance of investment banking, financial advisory or other services for Main Street.
    The above summary is not complete and is qualified in its entirety to the full text of the Amendment, which is attached
    hereto as Exhibit 10.1 and is incorporated herein by reference.
    Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
    Arrangement of a Registrant.
    The disclosure set forth above under Item 1.01 is incorporated by reference herein.
    Item 8.01. Other Events.
    On April 24, 2025, Main Street issued a press release related to the Amendment. A copy of such press release is attached
    hereto as Exhibit 99.1 and is incorporated herein by reference.
    Item 9.01. Financial Statements and Exhibits.
    10.1
    Third Amendment, dated as of April 24 2025, to Credit Agreement by and among MSCC Funding I, LLC, as the
    borrower, Main Street Capital Corporation, as the collateral manager, the lenders from time to time party thereto,
    Truist Bank, as administrative agent and swingline lender, Citibank, N.A., as collateral agent, document custodian
    and custodian, Virtus Group, L.P., as collateral administrator, and Western Alliance Trust Company, N.A., as
    successor collateral agent, successor document custodian, successor custodian and successor collateral administrator
    99.1
    Press release dated April 24, 2025
    104
    Cover Page Interactive Data File (embedded within the Inline XBRL document)
    SIGNATURES
    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to
    be signed on its behalf by the undersigned hereunto duly authorized.
    Main Street Capital Corporation
    Date: April 24, 2025
    By:
    /s/ Jason B. Beauvais
    Name:    Jason B. Beauvais
    Title:      General Counsel
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