MidCap Financial Issuer Trust today announced that it priced its offering of $400 million aggregate principal amount of 5.625% senior notes due 2030 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended. The offering is expected to close on June 30, 2021, subject to certain conditions.
The Company intends to use the net proceeds from the offering to repay a portion of its existing revolving indebtedness, to pay related fees and expenses and for general corporate purposes.
About MidCap Financial
MidCap Financial Issuer Trust is a subsidiary of MidCap Financial. Midcap Financial is a middle market-focused, specialty finance firm that provides senior debt solutions to companies across all industries. We provide a broad array of products intended to finance growth and manage working capital. At MidCap Financial, our years of experience, strong balance sheet, and flexibility make us the lender of choice for companies across all stages of growth and complexity. MidCap Financial refers to MidCap FinCo Designated Activity Company, a designated activity company limited by shares incorporated under the laws of Ireland, and its applicable subsidiaries. MidCap Financial is managed by Apollo Capital Management, L.P., a subsidiary of Apollo Global Management, Inc., pursuant to an investment management agreement. Loans made or arranged by MidCap Financial Trust pursuant to a California Finance Lenders Law License. For more information about MidCap Financial, please visit http://www.midcapfinancial.com.
