MidCap Financial extends revolver maturity to 2028, cuts spread, shifts to SOFR

MidCap Financial Investment Corp

Commitments remain $1.705B until Dec 2024, then step down to $1.550B.
Maturity extended from Dec 2025 to April 2028; accordion feature allows increase to $2.325B.
Benchmark changed from LIBOR to SOFR; all-in spread reduced from 2.0% to 1.975%.
JPMorgan, Truist, BMO, MUFG are joint bookrunners; JPMorgan remains administrative agent.
CEO and CFO cite enhanced liquidity and lender confidence in the platform.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MidCap Financial Investment Corp amended a credit facility (effective 2023-04-19).

Action: amendment
Agreement: credit facility
Effective: 2023-04-19

Exact text from the filing

On April 19, 2023, MidCap Financial Investment Corporation (the “Company”) amended and extended its senior secured, multi-currency, revolving credit facility (the “Facility”).

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281 material agreements filed in the last 30 days. Browse all material agreements →

MidCap Financial Investment Corp filing history →

Source: SEC EDGAR

accession 0001193125-23-107341

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