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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": "2023-08-01 00:00:00",
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  "notes": "LMM stands for Lower Middle Market.",
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      "text": "High quality, seasoned LMM portfolio: Total LMM portfolio investments at fair value equals 126% of cost; Equity component of LMM portfolio at fair value equals 196% of cost; Significant portion of LMM portfolio has de-leveraged and a majority of the LMM portfolio investments have experienced equity appreciation; 48 LMM portfolio companies with unrealized appreciation on equity investments; Net unrealized appreciation on LMM Equity investments of $460.6 million",
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      "text": "Median LMM portfolio credit statistics(1): Senior leverage of 3.0x EBITDA through MAIN debt position; 2.4x EBITDA to senior interest coverage; Total leverage of 3.0x EBITDA including debt junior in priority to MAIN; Free cash flow de-leveraging improves credit metrics and increases equity appreciation",
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      "text": "Average investment size of $27.5 million at fair value or $21.8 million on a cost basis (less than 1% of total investment portfolio)",
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      "text": "Opportunistic, selective posture toward new investment activity over the economic cycle",
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      "text": "(1) These credit statistics exclude portfolio companies on non-accrual and two companies for which EBITDA is not a meaningful metric",
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