MidCap Financial Investment Corp (MFIC): M&A transaction — MFIC completes mergers with AFT and AIF, issues ~28.5M shares and declares $0.20 special dividend

MidCap Financial Investment Corp

Exchange ratios: AFT shares converted to 0.9547 MFIC shares; AIF to 0.9441 MFIC shares.
Combined company: $3.07B investments, $1.45B net assets, net leverage 1.13x, 93.8M shares outstanding.
Legacy MFIC stockholders own 69.6%; former AFT 15.8%; former AIF 14.6% of combined company.
Special distribution of $0.20 per share, payable Aug 15, 2024 to holders of record Aug 5.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

MidCap Financial Investment Corp completed an acquisition involving Apollo Tactical Income Fund Inc. for 0.9441 shares of common stock per share (closed 2024-07-22).

Action: acquisition
Counterparty: Apollo Tactical Income Fund Inc.
Consideration: 0.9441 shares of common stock per share
Closing: 2024-07-22

Exact text from the filing

Agreement, at the effective time of the AIF First Merger, each outstanding share of common stock, par value $0.001 per share, of AIF was converted into the right to receive 0.9441 shares of common stock, par value $0.001 per share, of the Company. As a result, the Company issued an aggregate of approximately 13,658,992 shares of its common stock to AIF’s

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

MidCap Financial Investment Corp completed an acquisition involving Apollo Senior Floating Rate Fund Inc. for 0.9547 shares of common stock per share (closed 2024-07-22).

Action: acquisition
Counterparty: Apollo Senior Floating Rate Fund Inc.
Consideration: 0.9547 shares of common stock per share
Closing: 2024-07-22

Exact text from the filing

Agreement, at the effective time of the AFT First Merger, each outstanding share of common stock, par value $0.001 per share, of AFT was converted into the right to receive 0.9547 shares of common stock, par value $0.001 per share, of the Company. As a result, the Company issued an aggregate of approximately 14,868,092 shares of its common stock to AFT’s

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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

MidCap Financial Investment Corp filing history →

Source: SEC EDGAR

accession 0001193125-24-182213

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