MidCap Financial Q3 NII $0.38/share, NAV $14.66; Merx exposure reduced

MidCap Financial Investment Corp

Net investment income $0.38/share (vs $0.39 Q2); net asset value $14.66 (down 0.6% from $14.75).
Merx repaid ~$97M, reducing exposure to 3.3% of portfolio; expects ~$25M additional paydown in late 2025/early 2026.
Declared $0.38/share dividend payable Dec 23, 2025; Joseph Durkin appointed CAO effective Sept 4, 2025.
Post-quarter: credit facility amended (margin -10bps, maturity extended to Oct 2030); Bethesda CLO 1 upsized to $646M with AAA coupon S+149bps.
Net leverage 1.35x; debt-to-equity 1.40x; available capacity under facility ~$575M (pro forma $525M).

item 2.02item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.