other material
confidence high
sentiment neutral
materiality 0.60
MidCap Financial enters ATM equity distribution agreements for up to $200M
MidCap Financial Investment Corp
- Agreements with Truist Securities and Jefferies LLC to sell up to $200M of common stock in at-the-market offerings.
- Sales price per share must equal or exceed NAV per share unless stockholder and independent director approval obtained.
- Sales agents receive commission up to 1.5% of gross proceeds; Adviser may cover some or all commissions.
- Proceeds for general corporate purposes including investments and debt repayment.
- Company has no obligation to sell any shares; sales depend on market conditions and capital needs.