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MSC Income Fund (NYSE: MSIF) has successfully closed its public offering of common stock, selling a total of 6,325,000 shares at $15.53 per share. This includes the initial offering of 5,500,000 shares plus 825,000 additional shares from the fully exercised underwriters' overallotment option. The company raised approximately $91 million in net proceeds after deducting underwriting costs and estimated offering expenses.
The company's shares began trading on the New York Stock Exchange on January 29, 2025, under the ticker symbol 'MSIF'. The proceeds will initially be used to repay outstanding debt under credit facilities, followed by reinvestment through re-borrowing to fund investments aligned with the company's objectives, cover operating expenses, and support general corporate purposes.
MSC Income Fund has completed a follow-on public offering and listing on the New York Stock Exchange under the ticker symbol 'MSIF'. The company offered 5,500,000 shares at $15.53 per share, generating gross proceeds of approximately $85.4 million.
The funds will be used to repay outstanding debt under credit facilities, make new investments aligned with the company's objectives, cover operating expenses, and support general corporate purposes. MSC Income is externally managed by MSC Adviser I, a wholly owned registered investment adviser of Main Street Capital (NYSE: MAIN).
MSC Income Fund has announced a public offering of 4,850,000 shares of its common stock, with an expected price of $15.53 per share. The company plans to list on the NYSE under the symbol 'MSIF' and may grant underwriters an option for an additional 727,500 shares to cover over-allotments.
The net proceeds will initially be used to repay outstanding debt under credit facilities. Through re-borrowing, funds will support investments aligned with company strategies, operating expenses, and general corporate purposes. The offering's completion depends on market conditions, with no guaranteed timeline or terms.
RBC Capital Markets, Truist Securities, Raymond James, UBS Investment Bank, and Keefe, Bruyette & Woods are serving as joint book-running managers, with several other firms acting as co-managers. A registration statement has been filed with the SEC but is not yet effective.
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