debt
confidence high
sentiment positive
materiality 0.60
MidCap Financial amends credit facility: commitments $1.61B, maturity extended to Oct 2030, margin reduced 10 bps
MidCap Financial Investment Corp
- Lender commitments reduced from $1.660B to $1.610B; maturity extended by one year to October 1, 2030.
- Applicable margin reduced by 10 bps (to 177.5 bps for Term Benchmark/RFR loans); commitment fee cut 5 bps to 32.5 bps.
- Facility includes accordion feature to increase up to $2.415B; remaining terms substantially unchanged.
- Joint bookrunners: JPMorgan, Truist Securities, BMO Capital Markets; JPMorgan remains administrative agent.
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