Follow-On Offering

Technology & Services
Follow-On Offering

Summary

Baird served as a bookrunner in this offering

About

Main Street Capital Corporation (NYSE: MAIN) (“Main Street” or the “Company”) recently completed a follow-on offering of 2,875,000 shares of its common stock at a price of $28.00 per share, generating gross proceeds of approximately $80.5 million. The Company intends to use the net proceeds from this offering to initially 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.

Main Street is a principal investment firm that 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 portfolio. Main Street's lower middle market companies generally have annual revenues between $10 million and $150 million. Main Street's middle market debt investments are made in businesses that are generally larger in size than its lower middle market portfolio companies.

For additional information about this transaction, please contact:

Mark Micklem (202) 303-1815
Gary Placek (414) 765-3611
Paul Egge (202) 303-1816
Technology & Services
Follow-On Offering
Date
December 2012
Company
Main Street Capital Corporation
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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