Main Street Capital Prices Public Offering of Common Stock

Main Street Capital Corporation (Nasdaq: MAIN) (“Main Street”) announced today that it has priced a public offering of 2,500,000 shares of its common stock in an underwritten public offering. Pricing was set at $14.75 per share, and net proceeds from the offering, after deducting underwriting discounts and estimated expenses payable by Main Street, are expected to be approximately $34.8 million. Main Street has also granted the underwriters an option, exercisable for 30 days, to purchase up to 375,000 additional shares of common stock to cover over-allotments, if any.

Main Street intends to use approximately $12 million of the net proceeds from this offering to repay outstanding debt borrowed under its $30 million investment credit facility to fund Main Street Capital II, LP (“MSC II”) capital commitments assumed by Main Street in its recently consummated exchange offer. [Read the full article]

GRAND CAYMAN, Cayman Islands–(BUSINESS WIRE)–Asia Special Situation Acquisition Corp. (AMEX:CIO – News) announced today that it has entered into a term sheet with Victory Park Capital Advisors, LLC (Victory Park), pursuant to which funds managed by Victory Park or other purchasers acceptable to Victory Park and ASSAC may purchase up to an aggregate of 7.5 million shares of ASSACs ordinary shares from third parties prior to ASSAC Extraordinary General Meeting of Shareholders. Victory Park is not an affiliate of ASSAC, its officers and directors and/or their respective affiliates, or Amalphis Group, Inc., the Stillwater Funds, the Wimbledon Funds or Northstar Group Holdings Ltd., ASSACs targets in connection with its proposed business combination (the “Target Entities”), or their officers and directors and/or their respective affiliates. [Read the full article]

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