KBRA Assigns Rating to MSC Income Fund, Inc.'s $150 Million Senior Unsecured Notes Due 2029
KBRA assigned a BBB- rating with a Stable outlook to MSC Income Fund, Inc.'s $150 million, 6.83% senior unsecured notes due September 2029. The notes will be issued in two closings, with an initial $75.0 million issuance closed and the remaining $75.0 million to be issued in October; proceeds will repay existing secured indebtedness and fund general corporate purposes.
Why it matters — The investment-grade credit rating and successful note issuance provide information about MSIF's financing costs and its plans to repay existing secured debt.