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  "documentTitle": "Main Street Capital | Investor Day Presentation Deck | 155 slides",
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  "authorName": "Main Street Capital Corporation",
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  "presentationDate": "2023-06-01 00:00:00",
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  "notes": "The table tracks regulatory leverage metrics from 2018 through Q1 2023, highlighting the transition from 2.00x to 1.50x minimum asset coverage.",
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      "kind": "paragraph",
      "text": "Passage of the Small Business Credit Availability Act in December 2017 provided the opportunity for BDCs to obtain board or shareholder approval to access additional leverage by lowering the required asset coverage to 1.50x. MAIN received shareholder approval, effective as of May 3, 2022, to adopt the 1.50x asset coverage ratio. MAIN has historically operated at conservative regulatory leverage levels, in all cases with significant cushion to the 1.50x regulatory limits, and proven through historical performance that MAIN does not require access to additional leverage to generate market leading returns",
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      "text": "(1) Calculated per BDC regulations; SBIC Debentures are not included as “senior debt” for purposes of the Minimum Asset Coverage Ratio requirements pursuant to exemptive relief received by MAIN (2) MAIN received shareholder approval, effective as of May 3, 2022, to adopt the 1.5x asset coverage ratio (decreased from the previously required asset coverage ratio of 2.0x)",
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      "text": "MAIN's Historical Asset Coverage Ratio table showing 2018-Q1 2023 data for Consolidated Asset Coverage, Prior Minimum, Current Minimum, and associated cushions.",
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      "text": "Conservative Leverage - Regulatory",
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