Main Street Capital Corp. (MAIN) said it has priced a public offering of 3.75 million shares of its common stock in an underwritten public offering. Pricing was set at $22.50 per share, and net proceeds from the offering, after deducting underwriting discounts and estimated expenses payable by Main Street, are expected to be around $80.8 million.
In addition, the company has granted the underwriters an option, exercisable for 30 days, to buy up to 562,500 additional shares of common stock to cover over-allotments, if any.
Main Street stated that it plans to use the net proceeds from this offering, including the net proceeds from any exercise of the underwriters' over-allotment option, to make portfolio investments in accordance with its investment objective and strategies, to make investments in marketable securities and idle funds investments, to repay outstanding debt borrowed under its credit facility, to pay operating expenses and other cash obligations, and for general corporate purposes.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.