MSC Income Fund has appointed Nicholas Meserve as its new chief executive officer. Current Chairman and CEO Dwayne Hyzak will transition the CEO role to Meserve in the fourth quarter, while Hyzak will remain as executive chairman. Meserve currently serves as managing director of the fund and group head of its private credit investment team. Shares of MSC Income Fund rose 4.86% to $12.30 in pre-market trading. Separately, Main Street Capital, the parent of MSC Income Fund's external manager, announced an amendment to its revolving credit facility that increases commitments to $1.240 billion from $1.175 billion and extends the final maturity date to June 2031.
Main Street Capital CorporationParent company Main Street Capital amended its credit facility, increasing commitments and extending maturity, which strengthens its financial position.