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Main Street Capital Announces First Quarter 2021 Private Loan Portfolio Activity

April 28, 2021, 07:07 AM

Main Street Capital Corporation announced the following recent activity in its private loan portfolio. During the first quarter of 2021, Main Street originated approximately $25.4 million in new private loan commitments across two (2) new borrowers and funded total new investments across its private loan portfolio with a cost basis totaling approximately $39.8 million.

The following represent notable new private loan commitments during the first quarter of 2021:

  • $15.7 million in a first lien senior secured loan and $3.7 million in a first lien senior secured revolver to a self-storage design and construction provider; and
  • $6.0 million in a first lien senior secured loan to a distributor of hard-to-find and obsolete electronic components.

As of March 31, 2021, Main Street's private loan portfolio included total investments at cost of approximately $767.1 million across 63 unique borrowers. The private loan portfolio, as a percentage of cost, included 91% invested in first lien debt investments, 2% invested in second lien debt investments, and 7% invested in equity investments or other securities.

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