Form 8-K - Current report

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) January 16, 2024

__________________________________________________________________________

Main Street Capital Corporation

(Exact name of registrant as specified in its charter)


Maryland	001-33723	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 2.02 Results of Operations and Financial Condition.

On January 16, 2024, the Registrant issued a press release. A copy of such press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information disclosed under this Item 2.02, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits


99.1			Press release dated January 16, 2024
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: January 16, 2024	By:	/s/ Jason B. Beauvais
		Name: Jason B. Beauvais
		Title: General Counsel

Exhibit 99.1


			NEWS RELEASE
			Contacts: Main Street Capital Corporation Dwayne L. Hyzak, CEO, dhyzak@mainstcapital.com Jesse E. Morris, CFO and COO, jmorris@mainstcapital.com 713-350-6000 Dennard Lascar Investor Relations Ken Dennard / ken@dennardlascar.com Zach Vaughan / zvaughan@dennardlascar.com 713-529-6600

Main Street Announces Fourth Quarter 2023 Private Loan Portfolio Activity

HOUSTON – January 16, 2024 – Main Street Capital Corporation (NYSE: MAIN) (“Main Street”) is pleased to announce the following recent activity in its private loan portfolio. During the fourth quarter of 2023, Main Street originated new or increased commitments in its private loan portfolio of $136.8 million and funded total investments across its private loan portfolio with a cost basis totaling $160.4 million.

The following represent notable new private loan commitments and investments during the fourth quarter of 2023:

•$42.5 million in a first lien senior secured loan to a supplier of complex antenna and thermal management solutions critical to the advancement and management of next-generation radars, electronic warfare and defense systems;

•$32.5 million in a first lien senior secured loan, $8.8 million in a first lien senior secured revolver and $0.7 million in equity to a vertically integrated manufacturer of plastic promotional and packaging products;

•$11.3 million in a first lien senior secured loan, $2.3 million in a first lien senior secured revolver and $4.5 million in a first lien senior secured delayed draw loan to a global language services provider to the healthcare and life science end markets;

•$9.9 million in a first lien senior secured loan, $1.7 million in a first lien senior secured revolver, $1.3 million in a first lien senior secured delayed draw loan and $0.5 million in equity to a manufacturer and distributor of branded premium beaded ice cream;

•Increased commitment of $7.2 million in a first lien senior secured incremental loan to a futures trading platform that provides software and brokerage tools that allow retail traders to perform advanced charting, run trade simulations and utilize automated trading applications;

•Increased commitment of $6.7 million in a first lien senior secured incremental loan to a provider of mission critical specialty and traditional industrial cleaning and mechanical services; and

•Increased commitment of $5.3 million in a first lien senior secured incremental loan to a provider of ground services to the commercial, general and cargo aviation markets.

As of December 31, 2023, Main Street’s private loan portfolio included total investments at cost of approximately $1.5 billion across 87 unique borrowers. The private loan portfolio, as a percentage of cost, included 94.7% invested in first lien debt investments and 5.3% invested in equity investments or other securities.

ABOUT MAIN STREET CAPITAL CORPORATION

Main Street (www.mainstcapital.com) is a principal investment firm that primarily 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 investment strategy. 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.

Main Street, through its wholly owned portfolio company MSC Adviser I, LLC (“MSC Adviser”), also maintains an asset management business through which it manages investments for external parties. MSC Adviser is registered as an investment adviser under the Investment Advisers Act of 1940, as amended.

Cover	Jan. 16, 2024
Cover [Abstract]
Document Type	8-K
Document Period End Date	Jan. 16, 2024
Entity Registrant Name	Main Street Capital Corporation
Entity Incorporation, State or Country Code	MD
Securities Act File Number	001-33723
Entity Tax Identification Number	41-2230745
Entity Address, Address Line One	1300 Post Oak Boulevard
Entity Address, Address Line Two	8th Floor
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77056
City Area Code	713
Local Phone Number	350-6000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	MAIN
Security Exchange Name	NYSE
Entity Emerging Growth Company	false
Entity Central Index Key	0001396440
Amendment Flag	false