Filed pursuant to Rule 497(a)(1)

File No. 333-155806

Rule 482ad

 

	NEWS RELEASE
	Contacts:
	Main Street Capital Corporation
	Todd A. Reppert, President and CFO
	treppert@mainstcapital.com
	713-350-6000
	Dennard Rupp Gray and Easterly, LLC
	Ken Dennard  |  ksdennard@drg-e.com
	Ben Burnham |  bburnham@drg-e.com
	713-529-6600

 

MAIN STREET CAPITAL PRICES

PUBLIC OFFERING OF COMMON STOCK

 

HOUSTON, August 17, 2010 — Main Street Capital Corporation (Nasdaq: MAIN) (“Main Street”) announced today that it has priced a public offering of 2,800,000 shares of its common stock in an underwritten public offering. Pricing was set at $15.00 per share, and net proceeds from the offering, after deducting underwriting discounts and estimated expenses payable by Main Street, are expected to be approximately $39.8 million. Main Street has also granted the underwriters an option, exercisable for 30 days, to purchase up to 420,000 additional shares of common stock to cover over-allotments, if any.

 

Main Street intends to use all of the net proceeds from this offering to make investments in accordance with its investment objective and strategies, pay operating expenses and other cash obligations and for general corporate purposes.  Pending such uses, Main Street currently intends to invest the net proceeds of this offering in marketable securities and idle funds investments, which may include investments in secured intermediate term bank debt, rated debt securities and other income producing investments.

 

The underwriters of this offering are Morgan Keegan & Company, Inc., BB&T Capital Markets, a division of Scott & Stringfellow, LLC, Janney Montgomery Scott LLC and Madison Williams and Company LLC. The shares will be sold pursuant to an effective shelf registration statement on Form N-2 that has been filed with, and has been declared effective by, the U.S. Securities and

 

 

Exchange Commission. The offering is subject to customary closing conditions and is expected to close on August 19, 2010.

 

Investors should carefully consider, among other things, Main Street’s investment objective and strategies and the risks related to Main Street and the offering before investing. The final prospectus supplement dated August 17, 2010, including the base prospectus dated June 17, 2010, contains risk factors and other information about Main Street. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained from Morgan Keegan & Company, Inc., Attn: Equity Syndicate Department, 50 N. Front Street, 19th Floor, Memphis, Tennessee 38103.

 

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the shares referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

 

ABOUT MAIN STREET CAPITAL CORPORATION

 

Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies. Main Street’s investments are made to support management buyouts, recapitalizations, growth financings and acquisitions of companies that operate in diverse industry sectors and generally have annual revenues ranging from $10 million to $100 million. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides “one-stop” financing alternatives to its portfolio companies.

 

FORWARD-LOOKING STATEMENTS

 

This press release may contain certain forward-looking statements. 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 Main Street’s control, and that Main Street 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. Such statements speak only as of the time when made, and Main Street undertakes no obligation to update any such statement now or in the future.