debt
confidence high
sentiment neutral
materiality 0.50
MidCap Financial upsizes revolver to $1.815B, extends maturity to Oct 2029
MidCap Financial Investment Corp
- Lender commitments increased from $1.705B to $1.815B through Dec 22, 2024, then step down to $1.660B.
- Accordion feature allows expansion up to $2.723B.
- Final maturity extended by over a year to October 17, 2029 from April 19, 2028.
- Minimum shareholders' equity test reset; other material terms remain substantially unchanged.
- Borrowing base advance rates adjusted based on asset coverage ratio.