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  "documentTitle": "Main Street Capital | Investor Presentation Deck | 49 slides",
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  "authorName": "Main Street Capital Corporation",
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  "presentationDate": "2024-02-01 00:00:00",
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  "notes": "LMM stands for Lower Middle Market.",
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      "text": "High quality, seasoned LMM portfolio: 28% of companies held >10 years; 128% fair value to cost; 201% equity fair value to cost; 46 companies with unrealized appreciation; $503.7 million net unrealized appreciation.",
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      "text": "Median LMM portfolio credit statistics(1): Senior leverage of 2.6x EBITDA; 2.5x EBITDA to senior interest coverage; Total leverage of 2.7x EBITDA; Free cash flow de-leveraging.",
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      "text": "LMM investment portfolio is a pool of high quality, seasoned assets with attractive risk-adjusted return characteristics. MAIN's long-term to permanent expected holding period for its LMM investments significantly enhances the quality of MAIN's LMM investment portfolio and drives significant fair value appreciation",
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      "text": "Average investment size of $28.4 million at fair value or $22.3 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 four companies for which EBITDA is not a meaningful metric",
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