Main Street expands credit facility to $585 million via accordion

By Sarah Lizee

Olympia, Wash., Sept. 27 – Main Street Capital Corp. expanded the commitments under its credit facility to $585 million from $560 million, according to a company release.

The company said the increase was the result of a new lender relationship, which brought the lending group to a total of 15 participants.

The increase was completed under the accordion feature of the facility, which allows for up to $750 million in total commitments from new and existing lenders.

Main Street said the increase provides access to additional financing capacity in support of its future investment and operational activities.

Houston-based Main Street provides long-term debt and equity capital to lower middle-market companies and debt capital to middle-market companies.

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