MSC Income Fund Completes Follow-On Public Offering and Listing of its Shares on the New York Stock Exchange

HOUSTON, Jan. 30, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ('Main Street') is pleased to announce that MSC Income Fund, Inc. ('MSC Income'), a publicly registered, non-diversified, management company BDC for which MSC Adviser, a wholly owned subsidiary of Main Street, serves as investment adviser and administrator, has recently made a follow-on offering of 5,500,000 shares of its common stock at $15.53 per share and, in connection with the offering, MSC Income's shares of common stock started to trade on the New York Stock Exchange on January 29, 2025 under the ticker symbol "MSIF." MSC Income raised gross proceeds of approximately $85.4 million from the offering which it plans to utilize, after paying the costs of the offering, to repay debt outstanding from its credit facilities, then to re-borrow under the credit facilities and make investments pursuant to its investment objective and strategies, pay operating expenses and other cash obligations and for general corporate purposes.

"We are very proud to announce the successful completion of MSC Income's follow-on offering and listing and are very much looking forward to the future prospects that we believe these activities will present for both Main Street and MSC Income shareholders," said Dwayne L. Hyzak, Main Street's Chief Executive Officer.

ABOUT MAIN STREET CAPITAL CORPORATION

Main Street (www.mainstcapital.com) is a principal investment company that primarily provides long-term debt and equity capital, including customized solutions, to lower middle market companies and debt capital to private companies which are owned or are in the process of being acquired by a private equity fund. Main Street's portfolio investments are typically made to support management buyouts, recapitalisations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides 'one stop' debt and equity financing solutions within its lower middle market investment strategy. Main Street seeks to partner with private equity fund sponsors and primarily invests in secured debt investments in its private loan investment strategy. Main Street's lower middle market portfolio companies generally have annual revenues of between $10 million and $150 million. Main Street's private loan portfolio companies generally have annual revenues between $25 million and $500 million.

In addition, Main Street, through its wholly owned portfolio company MSC Adviser I, LLC ('MSC Adviser'), also operates an asset management business through which it manages investments for external parties. MSC Adviser is registered as an investment adviser under the Investment Advisers Act of 1940, as amended.

ABOUT MSC INCOME FUND, INC.

MSC Income (www.mscincomefund.com) is a principal investment company that mainly provides debt capital to private companies owned or being acquired by a private equity fund. MSC Income's portfolio investments are typically made to support leveraged buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. MSC Income seeks to partner with private equity fund sponsors and primarily invests in secured debt investments within its private loan investment strategy. MSC Income also has a portfolio of long-term debt and equity investments in lower middle market companies and, through those investments, MSC Income has co-invested with Main Street and its customized 'one-stop' debt and equity financing solution available in Main Street's lower middle market investment strategy with entrepreneurs, business owners and management teams. MSC Income's private loan portfolio companies generally have annual revenues between $25 million and $500 million. MSC Income's lower middle market portfolio companies generally have annual revenues between $10 million and $150 million.

FORWARD-LOOKING STATEMENTS

Main Street cautions that statements in this press release which are forward-looking and provide other than historical information, including but not limited to any potential benefits related to the MSC Income listing and follow-on offering, are based on current conditions and information available to Main Street as of the date hereof. Although its management believes that the expectations reflected in those forward-looking statements are reasonable, Main Street can give no assurance that those expectations will prove to be correct. Those forward-looking statements are made based on various underlying assumptions and are subject to numerous uncertainties and risks, including, without limitation, such factors described under the captions "Cautionary Statement Concerning Forward-Looking Statements" and "Risk Factors" included in Main Street's filings with the Securities and Exchange Commission (the 'SEC') (www.sec.gov). Main Street has no obligation to update the information contained herein to reflect subsequently occurring events or circumstances, except as may be required under applicable securities laws and regulations.