{
  "docId": "019de075-2aae-76c5-b03c-c7f203c7f0b5",
  "docSlug": "2e9fbb613837048464351063cd777af9",
  "documentTitle": "Main Street Capital | Investor Day Presentation Deck | 155 slides",
  "authorId": "main-street-capital",
  "authorName": "Main Street Capital Corporation",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-06-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 70,
  "pageCount": 132,
  "prevPage": 69,
  "nextPage": 71,
  "slideType": "key_messages",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 3,
  "notes": "LMM likely refers to Lower Middle Market.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de075-2aae-76c5-b03c-c7f203c7f0b5/70",
  "deckHref": "/decks/019de075-2aae-76c5-b03c-c7f203c7f0b5",
  "deckJsonHref": "/decks/019de075-2aae-76c5-b03c-c7f203c7f0b5.json",
  "deckAnchorHref": "/decks/019de075-2aae-76c5-b03c-c7f203c7f0b5#slide-70",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.05,
        "y": 0.88
      },
      "kind": "disclaimer",
      "text": "(1) Through March 31, 2023 (2) Assumes 6% all-in cost for traditional overnight equity offering",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "409620bb-3c09-459f-9bf5-85eb58bdfe7f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.6,
        "x": 0.35,
        "y": 0.65
      },
      "kind": "list",
      "text": "Raised net proceeds of $869.7 million since inception in 2015. Average sale price is approximately 62% above average NAV per share over same period. Resulted in economic cost savings of approximately $43.9 million when compared to traditional overnight equity offering.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6a9496ec-a059-4487-a341-66e0dc963668",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.3,
        "x": 0.05,
        "y": 0.18
      },
      "kind": "list",
      "text": "ATM Equity Program provides efficient and low cost access to equity capital. Provides access to equity capital to match growth of LMM investments on an as-needed basis. Provides significant economic cost savings compared to traditional overnight equity offerings.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "776ed889-45d8-4e36-8082-b3329b8b52ab",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.6,
        "x": 0.35,
        "y": 0.18
      },
      "kind": "list",
      "text": "Provides permanent capital to match indefinite or long-term holding period for LMM investments. Facilitates maintenance of conservative leverage position. Issued equity is accretive to NAV per share. Provides significant benefits vs traditional overnight equity offerings.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a4eb67b6-5223-4069-b2de-e74569eea6f2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.05,
        "y": 0.1
      },
      "kind": "title",
      "text": "At-The-Market (ATM) Equity Program",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "872d6bed-cc33-48e4-bf94-b87a7a41c7de",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Executive summary",
      "slug": "executive-summary",
      "agent": null,
      "layer": "slide",
      "matchId": "0bde188d-15e8-40ff-8bd2-1815a3fd16d6",
      "evidence": "List/bullet: Raised net proceeds of $869.7 million since inception in 2015.",
      "confidence": 0.5
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}