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  "documentTitle": "Main Street Capital | Investor Presentation Deck | 49 slides",
  "authorId": "main-street-capital",
  "authorName": "Main Street Capital Corporation",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-08-01 00:00:00",
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  "pageNumber": 24,
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  "notes": "LMM stands for Lower Middle Market. The slide provides a snapshot of portfolio health and equity appreciation.",
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      "text": "LMM investment portfolio is a pool of high quality, seasoned assets with attractive risk-adjusted return characteristics",
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      "text": "Median LMM portfolio credit statistics(1): Senior leverage of 3.0x EBITDA; 2.4x EBITDA to senior interest coverage; Total leverage of 3.0x EBITDA; Free cash flow de-leveraging.",
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      "text": "High quality, seasoned LMM portfolio: Total LMM portfolio investments at fair value equals 126% of cost; Equity component equals 196% of cost; 48 companies with unrealized appreciation; $460.6 million net unrealized appreciation.",
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      "text": "Opportunistic, selective posture toward new investment activity over the economic cycle",
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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": "(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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      "text": "LMM Investment Portfolio",
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