Follow-On Offering

Technology & Services
Follow-On Offering


Baird served as a co-lead manager in this offering.


Main Street Capital Corporation (NYSE: MAIN) (“Main Street” or the “Company”) recently completed a follow-on offering of 3,000,000 shares of its common stock at $17.50 per share, generating gross proceeds of approximately $52.5 million. The Company intends to use the net proceeds to repay outstanding debt borrowed under its $155 million credit facility, make portfolio investments in accordance with its investment objectives 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
October 2011
Main Street Capital Corporation
Technology & Services
Target Location
North America