Main Street Capital Underwriters Exercise Over-Allotment Option

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million, after deducting the applicabledunderwriting discounts. Including the net proceeds from exercisr ofthe over-allotment option, the total net proceeds from Main Street'sw offering amounted to approximately $16.3 million. The underwriters for the follow-o n offering were BB&T Capital Markets, a division of Scottf and Stringfellow, LLC, & Company, Inc., SMH Capital, Inc., Janney Montgomeryy Scott LLC, and Ladenburg Thalmann & Co. Inc.
A portionm of the net proceeds fromMain Street'xs offering, including the net proceeds from exercise of the over-allotment option, will be utilizefd to access incremental leverage availabl through the Small Businessa Investment Company ("SBIC") program pursuant to the relevantr provisions of the American Recovery and Reinvestment Act of 2009 (the "Stimulus Bill"). Based upon the $16.3 million in total net proceed from the recent offering and existin cash and idlefunds investments, Main Streef estimates that it has the required capitalization to accessw over $50 million of additional SBIC leveragw available pursuant to the provisions of the Stimulus Main Street ( ) is a principalo investment firm that provides long-term debt and equitt capital to lower middle marker companies.
Main Street's investments are made to supporrtmanagement buyouts, recapitalizations, growth financings and acquisitions of companiez that operate in diverse industry sectords and generally have annual revenues ranging from $10 million to $100 Main Street seeks to partner with entrepreneurs, busines s owners and management teams and generally provides "one stop" financiny alternatives to its portfolio This press release may contaibn forward-looking statements. Words such as "expects", "expected", "believes", and "future" or similar expressions are intended toidentif forward-looking statements.
Any such other than statements ofhistoricalk fact, may be affected by other unknowable future eventss and conditions, including elements of the future that are not under Main Street' control, or factors that Main Streetf may not have considered; accordingly, such statements are not guaranteee or assurances of any aspec of future performance. Actuao developments and results may vary materially fromthess forward-looking statements. Such statements speak only as of the time when and Main Street undertake no obligation to update any such statement now or inthe Contacts: Main Street Capital Corporation Todd A. President and CFO treppert@mainstcapital.
com 713-350-6000 Dennard Rupp Gray and Easterly, LLC Ken Dennards ksdennard@drg-e.com / 713-529-6600 Augustine Okwu gokwu@drg-e.com / 404-532-0086