Main Street to retire $90.7 million of 6.125% notes due 2023 at par

By Susanna Moon

Chicago, March 1 – Main Street Capital Corp. plans to redeem its $90.7 million principal amount of outstanding 6.125% notes due 2023.

The notes will be redeemed on April 1 at a price of par per $25.00 of notes plus accrued interest through but excluding the redemption date, according to a company announcement.

Settlement is expected to occur on April 2.

The paying agent is Bank of New York Mellon Trust Co., NA.

Main Street said that retiring the notes will save the company about $2.7 million in annual interest expenses.

The notes were issued under the indenture dated April 2, 2013.

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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