Follow-On Offering

Technology & Services
Follow-On Offering

Summary

Baird served as a co-manager in this offering.

About

Main Street Capital Corporation (NYSE: MAIN) (“Main Street” or the “Company”) recently completed a follow-on offering of 4,025,000 shares of its common stock at $18.35 per share, generating gross proceeds of approximately $73.9 million. The Company intends to use the net proceeds from the offering to repay outstanding debt borrowed under its $100 million credit facility. The Company also intends to use the net proceeds to make investments in accordance with the Company’s 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.

Main Street is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies. Main Street's lower middle market investments are made to support management buyouts, recapitalizations, growth financings and acquisitions of companies that operate in diverse industry sectors and generally have annual revenues ranging from $10 million to $100 million. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides "one stop" financing alternatives within its lower middle market portfolio. Main Street also maintains a portfolio of privately placed interest-bearing debt investments in middle market businesses that are generally larger in size than its lower middle market portfolio companies.

For additional information about this transaction, please contact:

Mark C. Micklem (703) 821-5787
Technology & Services
Follow-On Offering
Date
March 2011
Company
Main Street Capital Corporation
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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