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Main Street Capital Prices 2.5 Million Common Shares

January 14, 2010 (FinancialWire) — Main Street Capital Corp. (NASDAQ: MAIN) said that it has priced a public offering of 2.5 million shares of its common stock in an underwritten public offering.

Pricing was set at $14.75 per share, and net proceeds from the offering, after deducting underwriting discounts and estimated expenses payable by Main Street, are expected to be approximately $34.8 million.

Main Street has also granted the underwriters an option, exercisable for 30 days, to purchase up to 375,000 additional shares of common stock to cover over-allotments, if any.

Main Street plans to use approximately $12 million of the net proceeds from this offering to repay outstanding debt borrowed under its $30 million investment credit facility to fund Main Street Capital II, LP capital commitments assumed by Main Street in its recently consummated exchange offer.

Main Street is a principal investment firm that provides long-term debt and equity capital to lower middle-market companies.

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