MidCap Financial Investment Corporation Amends and Extends Its Senior Secured Revolving Credit Facility
18 Octobre 2024 - 2:40PM
MidCap Financial Investment Corporation (NASDAQ: MFIC) (the
“Company”) announced today that it has amended and extended its
senior secured, multi-currency, revolving credit facility (the
“Facility”). Lender commitments under the Facility total $1.660
billion, excluding non-extending lender commitments, an increase of
$110 million. Lender commitments under the Facility total $1.815
billion, including $155 million of commitments from non-extending
lenders which are set to terminate on December 22, 2024. The final
maturity date under the Facility for extending lenders was extended
from April 19, 2028, to October 17, 2029. The remaining material
business terms of the Facility will remain substantially the same.
JPMorgan Chase Bank, N.A., Truist Securities,
Inc., BMO Capital Markets Corp., and MUFG Bank, LTD. are Joint
Bookrunners and Joint Lead Arrangers on the Facility. JPMorgan
Chase Bank, N.A is the Administrative Agent on the Facility.
The foregoing description is only a summary of
the material provisions of the Facility and is qualified in its
entirety by reference to a copy of the Facility, which is filed as
Exhibit to the Company’s current report on Form 8-K filed with the
Securities and Exchange Commission on October 18, 2024.
About MidCap Financial Investment
Corporation
MidCap Financial Investment Corporation (NASDAQ:
MFIC) is a closed-end, externally managed, diversified management
investment company that has elected to be treated as a business
development company (“BDC”) under the Investment Company Act of
1940 (the “1940 Act”). For tax purposes, the Company has elected to
be treated as a regulated investment company (“RIC”) under
Subchapter M of the Internal Revenue Code of 1986, as amended (the
“Code”). The Company is externally managed by the Investment
Adviser, an affiliate of Apollo Global Management, Inc. and its
consolidated subsidiaries (“Apollo”), a high-growth global
alternative asset manager. The Company’s investment objective is to
generate current income and, to a lesser extent, long-term capital
appreciation. The Company primarily invests in directly originated
and privately negotiated first lien senior secured loans to
privately held U.S. middle-market companies, which the Company
generally defines as companies with less than $75 million in
EBITDA, as may be adjusted for market disruptions, mergers and
acquisitions-related charges and synergies, and other items. To a
lesser extent, the Company may invest in other types of securities
including, first lien unitranche, second lien senior secured,
unsecured, subordinated, and mezzanine loans, and equities in both
private and public middle market companies. For more information,
please visit http://www.midcapfinancialic.com.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements involve risks and
uncertainties, including, but not limited to, statements as to our
future operating results; our business prospects and the prospects
of our portfolio companies; the impact of investments that we
expect to make; our contractual arrangements and relationships with
third parties; the dependence of our future success on the general
economy and its impact on the industries in which we invest; the
ability of our portfolio companies to achieve their objectives; our
expected financings and investments; the adequacy of our cash
resources and working capital; and the timing of cash flows, if
any, from the operations of our portfolio companies.
We may use words such as “anticipates,”
“believes,” “expects,” “intends,” “will,” “should,” “may” and
similar expressions to identify forward-looking statements. Such
statements are based on currently available operating, financial
and competitive information and are subject to various risks and
uncertainties that could cause actual results to differ materially
from our historical experience and our present expectations.
Statements regarding the following subjects, among others, may be
forward-looking: the return on equity; the yield on investments;
the ability to borrow to finance assets; new strategic initiatives;
the ability to reposition the investment portfolio; the market
outlook; future investment activity; and risks associated with
investing in real estate assets, including changes in business
conditions and the general economy. Undue reliance should not be
placed on such forward-looking statements as such statements speak
only as of the date on which they are made. We do not undertake to
update our forward-looking statements unless required by law.
Contact
Elizabeth BesenInvestor Relations ManagerMidCap
Financial Investment Corporation(212) 822-0625ebesen@apollo.com
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