MSC Income Fund Closes $150 Million Private Notes Offering
Houston-based MSC Income Fund has finalized a $150 million private placement of unsecured notes to refinance existing debt. The offering, carrying a 6.83% fixed interest rate, will be issued in two equal tranches through October 2026, marking a strategic shift in the firm’s capital structure ahead of upcoming maturity obligations.

The fund confirmed that the first $75 million installment closed today, with the remaining balance scheduled for issuance in October. These notes are set to mature on September 30, 2029, and grant the firm the option to redeem the debt early at par value, potentially including a make-whole premium.
Management plans to utilize the full proceeds to retire its 4.04% Series A Senior Notes, which are due on October 30, 2026. Until those notes are fully repaid, the capital will temporarily support the reduction of balances under the firm's revolving credit facilities. Once the debt transition is complete, the company intends to pivot back to its core investment strategy, providing debt capital to private companies backed by equity sponsors.
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