MSC Income Fund Prices Public Offering

Public Offering Details - MSC Income Fund Inc priced its public offering of 5,500,000 shares of common stock at 15.53 per share [1] - The shares are expected to begin trading on the New York Stock Exchange under the symbol "MSIF" on January 29, 2025 [1] - The underwriters have an option to purchase up to an additional 825,000 shares to cover overallotments [1] - The closing of the offering is subject to customary closing conditions, with shares expected to be delivered on or about January 30, 2025 [1] Use of Proceeds - The company intends to use the net proceeds to repay outstanding debt under its credit facilities [2] - After repayment, the company plans to re-borrow under the credit facilities to make investments in accordance with its investment objective and strategies, pay operating expenses, and for general corporate purposes [2] Underwriters and Managers - RBC Capital Markets, Truist Securities, Raymond James, UBS Investment Bank, and Keefe, Bruyette & Woods are acting as joint book-running managers for the offering [3] - B Riley Securities, Citizens JMP, Sanders Morris, Clear Street, Comerica Securities, Texas Capital Securities, and Zions Capital Markets are acting as co-managers for the offering [3] Registration and Prospectus - A registration statement relating to these securities was filed with the SEC and declared effective on January 28, 2025 [4] - The preliminary prospectus dated January 21, 2025, contains information about the company and should be read carefully before investing [5] Company Overview - MSC Income Fund Inc 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 [8] - The company also provides customized long-term debt and equity capital solutions to lower middle market companies [8] - Portfolio investments typically support leveraged buyouts, recapitalizations, growth financings, refinancings, and acquisitions across diverse industry sectors [8] - The company seeks to partner with private equity fund sponsors and primarily invests in secured debt investments within its private loan investment strategy [8] - Private loan portfolio companies generally have annual revenues between 25 million and $500 million, while lower middle market portfolio companies have annual revenues between$10 million and $150 million [8] Investment Adviser - MSC Adviser I LLC is a wholly owned subsidiary of Main Street Capital Corporation (NYSE: MAIN) and is registered as an investment adviser under the Investment Advisers Act of 1940 [9] - MSC Adviser I LLC currently manages investments for external parties, including MSC Income Fund Inc [9]