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  "documentTitle": "Main Street Capital | Fixed Income Presentation Deck | 42 slides",
  "authorId": "main-street-capital",
  "authorName": "Main Street Capital Corporation",
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  "presentationDate": "2023-08-01 00:00:00",
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  "nDataPoints": 14,
  "notes": "The slide highlights the increase in excess collateral as a key indicator of reduced risk for debt investors.",
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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 226% since MAIN's first investment grade (IG) 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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      "kind": "table",
      "text": "Table comparing Total Assets, SBIC Assets, Secured Debt, and Unsecured Debt between 9/30/2014 and 6/30/2023.",
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      "kind": "title",
      "text": "Conservative Leverage - Excess Collateral Improves Over Time",
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      "evidence": "The document highlights MAIN's key credit highlights and operating structure",
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