{
  "docId": "019de074-f74f-701c-bbde-f5fe1e1c32c9",
  "docSlug": "74c9db35005bfafa6f288f8a37a78ab7",
  "documentTitle": "Main Street Capital | Fixed Income Presentation Deck | 42 slides",
  "authorId": "main-street-capital",
  "authorName": "Main Street Capital Corporation",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-05-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 24,
  "pageCount": 42,
  "prevPage": 23,
  "nextPage": 25,
  "slideType": "key_messages",
  "function": "present_framework",
  "density": "overcrowded",
  "nDataPoints": 3,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de074-f74f-701c-bbde-f5fe1e1c32c9/24",
  "deckHref": "/decks/019de074-f74f-701c-bbde-f5fe1e1c32c9",
  "deckJsonHref": "/decks/019de074-f74f-701c-bbde-f5fe1e1c32c9.json",
  "deckAnchorHref": "/decks/019de074-f74f-701c-bbde-f5fe1e1c32c9#slide-24",
  "components": [
    {
      "bbox": {
        "h": 0.2,
        "w": 0.5,
        "x": 0.45,
        "y": 0.35
      },
      "kind": "list",
      "text": "Investment Characteristics: Investments in companies consistent with LMM/Middle Market; Proprietary originations; Weighted-average EBITDA of ~$38.1 million",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4f58e5b3-5c58-4c56-8ee6-3a5d3cc00809",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.5,
        "x": 0.45,
        "y": 0.2
      },
      "kind": "list",
      "text": "Investment Objectives: Access proprietary investments with attractive risk-adjusted return characteristics; Generate cash yield to support MAIN monthly dividend",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8084abda-c66e-4ccc-9aff-a2ce230b9b37",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.5,
        "x": 0.45,
        "y": 0.55
      },
      "kind": "list",
      "text": "Investments in secured debt investments: First lien, senior secured debt; Floating rate debt investments",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "82188022-5c2a-4070-ac60-fb59c8d588a3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.5,
        "x": 0.45,
        "y": 0.65
      },
      "kind": "list",
      "text": "8% – 12% targeted gross yields: Weighted-average effective yield of 12.4%; Net returns impacted by lower overhead/modest leverage; Floating rate matching",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8f02415e-2214-476e-a8b0-cc3e42ac76b9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.4,
        "w": 0.4,
        "x": 0.05,
        "y": 0.2
      },
      "kind": "paragraph",
      "text": "Private Loan portfolio investments are primarily debt investments in privately held companies which have primarily been originated directly by MAIN or to a lesser extent through strategic relationships with other investment funds on a collaborative basis (often referred to in the debt markets as “club deals” because of the small lender group size). MAIN’s Private Loan investments are typically made to a company owned by or being acquired by a private equity sponsor",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "330b48e8-23b8-46b5-9cef-e2ca6e7138dc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.85
      },
      "kind": "source-note",
      "text": "(1) This calculation excludes two Private Loan portfolio companies as EBITDA is not a meaningful metric for these portfolio companies (2) Weighted-average effective yield is calculated using the applicable interest rate as of March 31, 2023... (3) Includes MAIN’s corporate revolving credit facility...",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "736a255e-afbd-482c-931a-6f4eadb7a8d0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.05,
        "y": 0.1
      },
      "kind": "title",
      "text": "Private Loan Investment Strategy",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c2df2fe7-3fac-4369-9f7b-a8823d4d4358",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "List presentation",
      "slug": "list-presentation",
      "agent": null,
      "layer": "slide",
      "matchId": "553f0cef-b894-4ef4-83c4-88011b5f90d8",
      "evidence": "The slide presents information in a list/bullet format, highlighting investment objectives, characteristics, and targeted yields.",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}