07:57 AM EDT, 10/01/2024 (MT Newswires) -- Main Street Capital ( MAIN ) said Tuesday that its subsidiary MSCC Funding I has amended its revolving credit facility to increase its total commitments to $600 million from $430 million.

The company said it maintained an option that allows for an increase of up to $800 million in total commitments from new and existing lenders under the same terms.

The amendment extends the revolving period through September 2027 and the final maturity date to September 2029.

Additionally, the interest rate during the revolving period has been reduced to one-month term SOFR plus 2.35%, from SOFR plus 2.60%.

The company said rates for the first and second years after the revolving period have also been lowered.

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