MSC Income Fund Completes $150M Investment Grade Notes Offering

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MSC Income Fund, Inc. (NYSE: MSIF) has announced the closing of a private notes offering totaling $150.0 million in aggregate principal amount. The unsecured notes bear interest at a fixed rate of 6.34% per year, mature on May 31, 2029, and can be redeemed at the company's option. MSC Income plans to use the net proceeds to repay a portion of its outstanding revolving credit facility debt and then re-borrow to fund new investments, pay operating expenses, and for general corporate purposes.

Why it matters

This notes offering allows MSC Income Fund to refinance existing debt at a fixed rate, providing more stability and flexibility in its capital structure as it continues to invest in private companies. The fund focuses on providing debt capital to private equity-backed firms, so this financing will support its ongoing investment activities.

The details

The $150 million in notes are unsecured and have a fixed interest rate of 6.34% per year, payable semiannually. The notes mature on May 31, 2029 and can be redeemed by MSC Income at any time at par plus accrued interest. The company plans to initially use the proceeds to pay down its revolving credit facility, then re-borrow from the facility to fund new investments, cover operating costs, and for general corporate purposes.

• The notes offering closed on March 13, 2026.
• The notes mature on May 31, 2029.

What’s next

MSC Income Fund will use the proceeds from the notes offering to initially pay down its revolving credit facility, then re-borrow from the facility to fund new investments and other corporate purposes.