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  "documentTitle": "Main Street Capital | Investor Day Presentation Deck | 155 slides",
  "authorId": "main-street-capital",
  "authorName": "Main Street Capital Corporation",
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  "presentationDate": "2023-06-01 00:00:00",
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  "notes": "The slide highlights the increase in excess collateral relative to unsecured debt since the company's first investment grade debt issuance.",
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      "text": "(1) Most recent information publicly reported prior to first IG debt issuance (2) Represents asset value in excess of SBIC debt (par value); SBIC assets contain negative pledge in relation to SBIC debt; therefore, equity at SBIC entities is effectively collateral for lenders (3) First IG notes issued in November 2014 (4) Includes additional IG debt issuances in April 2019, December 2019, July 2020, January 2021, October 2021, December 2022 and February 2023",
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      "text": "MAIN's conservative use of leverage and equity to fund its growth results in significant excess collateral that provides protection to lenders. MAIN's management of its capital structure results in reduced risk profile for debt investors over time. Excess collateral available to unsecured lenders has increased by 218% since MAIN's first investment grade (IG) debt issuance",
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      "text": "Table comparing financial metrics between 9/30/2014 and 3/31/2023, including total assets, secured debt, and excess collateral.",
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      "text": "Conservative Leverage - Excess Collateral Improves Over Time",
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