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Stock impact report

Main Street Capital's New 2029 Notes Reshape Debt Profile And Valuation [Yahoo! Finance]

Main Street Capital Corporation (MAIN) 
Last main street capital corporation earnings: 2/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.mainstcapital.com
Company Research Source: Yahoo! Finance
Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Main Street Capital Corporation (NYSE:MAIN) has announced and priced $200 million in additional 6.95% notes due 2029. The new fixed income issuance expands the company's outstanding notes maturing in 2029 and adjusts its overall funding mix. This capital raise is intended to support Main Street Capital's investment activities and general corporate purposes. For shareholders, the timing of this debt offering comes after a period of weaker share performance, with NYSE:MAIN down 6.3% over the past week, 9.3% over the past month and 16.6% year to date, while still showing gains over 3 and 5 years. With the stock currently trading at $51.53, the new notes add another layer to the company's capital stack that investors can factor into their view of risk and return. For fixed income investors, the 6.95% notes due 2029 provide an additional option within Main Street Capital's funding profile an Show less Read more
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