The Fund is pleased to announce the closing of a private notes offering totaling $150.0 million in aggregate principal amount (the “Notes”). The Notes are unsecured and bear interest at a fixed rate of 6.83% per year, payable semiannually, mature on September 30, 2029 and may be redeemed in whole or in part at any time or from time to time at MSC Income’s option at par plus accrued interest to the prepayment date and, if applicable, a make-whole premium. The Notes will be issued in two separate closings. The initial issuance of $75.0 million of Notes closed today, and the Fund will issue the remaining $75.0 million of Notes in October 2026, subject to customary closing conditions.
MSC Income intends to use the net proceeds from this offering to repay the $150.0 million of outstanding 4.04% Series A Senior Notes due 2026 on or before their maturity on October 30, 2026. Pending such use, MSC Income intends to repay a portion of the outstanding debt borrowed under its floating rate multi-year revolving credit facility (the “Corporate Facility”) and its special purpose vehicle revolving credit facility (the “SPV Facility” and, together with the Corporate Facility, the “Credit Facilities”) and then, through re-borrowing under its Credit Facilities, to fund investments in accordance with its investment objective and strategies, to pay operating expenses and other cash obligations and for general corporate purposes. As of 2026-08-31, the Fund’s leverage was 45.8% and Debt Focused BDC Group leverage was 51.9%.
