MSC Income Fund Announces Amendment of its Corporate Credit Facility
MSC Income Fund (NYSE: MSIF) has announced a significant amendment to its senior secured revolving credit facility. The amendment includes an $80.0 million increase in total commitments, bringing the total from $165.0 million to $245.0 million. This expansion was achieved through the addition of a new lender, expanding the Corporate Facility's lender group to seven participants.
Additionally, the amendment enhances the accordion feature, increasing the Company's potential to request further commitment increases from $200.0 million to $300.0 million under the same terms and conditions as existing commitments.
Il Fondo Reddito MSC (NYSE: MSIF) ha annunciato una modifica significativa alla sua linea di credito revolving senior garantita. La modifica include un incremento di $80,0 milioni nei fondi totali, portando il totale da $165,0 milioni a $245,0 milioni. Questa espansione è stata realizzata grazie all'aggiunta di un nuovo prestatore, ampliando il gruppo di prestatori del Corporate Facility a sette partecipanti.
Inoltre, la modifica potenzia la funzione di accordion, aumentando il potenziale dell'azienda di richiedere ulteriori aumenti di impegno da $200,0 milioni a $300,0 milioni alle stesse condizioni degli impegni esistenti.
El Fondo de Ingresos MSC (NYSE: MSIF) ha anunciado una enmienda significativa a su línea de crédito rotativa garantizada senior. La enmienda incluye un incremento de $80,0 millones en los compromisos totales, elevando el total de $165,0 millones a $245,0 millones. Esta expansión se logró mediante la adición de un nuevo prestamista, ampliando el grupo de prestamistas de la instalación corporativa a siete participantes.
Además, la enmienda mejora la función de accordion, aumentando el potencial de la empresa para solicitar aumentos de compromiso adicionales de $200,0 millones a $300,0 millones bajo los mismos términos y condiciones que los compromisos existentes.
MSC 소득 펀드 (NYSE: MSIF)는 선순위 담보 회전 신용 시설에 대한 중요한 수정 사항을 발표했습니다. 이 수정 사항에는 총 약정에서 $80.0 백만 증가가 포함되어 있으며, 총액이 $165.0 백만에서 $245.0 백만으로 증가했습니다. 이러한 확장은 새로운 대출자의 추가를 통해 이루어졌으며, 기업 시설의 대출자 그룹을 7명의 참가자로 확대했습니다.
또한, 이 수정 사항은 어코디언 기능을 강화하여 회사가 기존 약정과 동일한 조건으로 $200.0 백만에서 $300.0 백만으로 추가 약정 증가를 요청할 수 있는 잠재력을 증가시킵니다.
Fonds de revenu MSC (NYSE: MSIF) a annoncé un amendement significatif à sa facilité de crédit renouvelable senior garantie. L'amendement comprend une augmentation de $80,0 millions des engagements totaux, portant le total de $165,0 millions à $245,0 millions. Cette expansion a été réalisée grâce à l'ajout d'un nouveau prêteur, élargissant le groupe de prêteurs de la facilité d'entreprise à sept participants.
De plus, l'amendement améliore la fonction d'accordéon, augmentant le potentiel de l'entreprise à demander des augmentations d'engagement supplémentaires de $200,0 millions à $300,0 millions selon les mêmes termes et conditions que les engagements existants.
MSC Einkommensfonds (NYSE: MSIF) hat eine bedeutende Änderung seiner senior gesicherten revolvierenden Kreditfazilität bekannt gegeben. Die Änderung umfasst eine Erhöhung der Gesamtverpflichtungen um $80,0 Millionen, wodurch sich der Gesamtbetrag von $165,0 Millionen auf $245,0 Millionen erhöht. Diese Erweiterung wurde durch die Hinzufügung eines neuen Kreditgebers erreicht, wodurch die Gruppe der Kreditgeber der Corporate Facility auf sieben Teilnehmer erweitert wurde.
Darüber hinaus verbessert die Änderung die Accordion-Funktion, wodurch das Unternehmen die Möglichkeit hat, weitere Verpflichtungserhöhungen von $200,0 Millionen auf $300,0 Millionen unter denselben Bedingungen wie die bestehenden Verpflichtungen zu beantragen.
- Increased credit facility commitments by $80.0M to $245.0M
- Expanded accordion feature by $100.0M to $300.0M
- Added new lender, diversifying lending group to 7 participants
- None.
Total Commitments Increased
Accordion Feature Increased
ABOUT MSC INCOME FUND, INC.
The Company (www.mscincomefund.com) is a principal investment firm that primarily provides debt capital to private companies owned by or in the process of being acquired by a private equity fund. The Company's portfolio investments are typically made to support leveraged buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. The Company seeks to partner with private equity fund sponsors and primarily invests in secured debt investments within its private loan investment strategy. The Company also maintains a portfolio of customized long-term debt and equity investments in lower middle market companies, and through those investments, the Company has partnered with entrepreneurs, business owners and management teams in co-investments with Main Street Capital Corporation (NYSE: MAIN) ("Main Street") utilizing the customized "one-stop" debt and equity financing solution provided in Main Street's lower middle market investment strategy. The Company's private loan portfolio companies generally have annual revenues between
ABOUT MSC ADVISER I, LLC
MSC Adviser I, LLC ("MSCA") is a wholly owned subsidiary of Main Street that is registered as an investment adviser under the Investment Advisers Act of 1940, as amended. MSCA serves as the investment adviser and administrator of the Company in addition to several other advisory clients.
FORWARD-LOOKING STATEMENTS
This press release may contain certain forward-looking statements, including but not limited to the availability of future financing capacity under the Corporate Facility. Any such statements other than statements of historical fact are likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under the Company's control, and that the Company may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual performance and results could vary materially from these estimates and projections of the future as a result of a number of factors, including those described from time to time in the Company's filings with the
Contacts:
MSC Income Fund, Inc.
Dwayne L. Hyzak, CEO, dhyzak@mainstcapital.com
Cory E. Gilbert, CFO, cgilbert@mainstcapital.com
713-350-6000
Dennard Lascar Investor Relations
Ken Dennard / ken@dennardlascar.com
Zach Vaughan / zvaughan@dennardlascar.com
713-529-6600
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SOURCE MSC Income Fund, Inc.
FAQ
How much did MSIF increase its credit facility commitments in March 2025?
What is the new accordion feature limit for MSIF's corporate credit facility?
How many lenders are now participating in MSIF's Corporate Facility?
What type of credit facility did MSIF amend in March 2025?
