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  "documentTitle": "Main Street Capital | Fixed Income Presentation Deck | 42 slides",
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  "authorName": "Main Street Capital Corporation",
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  "presentationDate": "2023-05-01 00:00:00",
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      "text": "(1) As of March 31, 2023; based on cost\n(2) Weighted-average effective yield is calculated using the applicable interest rate as of March 31, 2023 and includes amortization of deferred debt origination fees and accretion of original issue discount, but excludes fees payable upon repayment of the debt instruments and any debt investments on non-accrual status\n(3) 95% of floating interest rates on Private Loan debt investments are subject to contractual minimum \"floor\" rates\n(4) Includes MAIN's Credit Facilities as defined on page 24; see additional details on page 18",
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      "text": "86 investments / $1.5 billion in fair value\n36% of total investment portfolio at fair value\nAverage investment size of $17.8 million(1) (less than 1% of total portfolio)\nInvestments in secured debt instruments\n97% of Private Loan portfolio is secured debt\n99% of Private Loan debt portfolio is first lien term debt\nDebt yielding 12.4%(2)\n98%(1) of Private Loan debt investments bear interest at floating rates(3), providing matching with MAIN's floating rate Credit Facilities(4)\nApproximately 525 basis point effective interest margin vs \"matched\" floating rate on MAIN's Credit Facilities(4)",
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      "text": "Private Loan investment portfolio provides a diversified mix of investments and sources of income to complement the LMM investment portfolio",
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