---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-269805"
form_type: "8-K"
ticker: "MFIC"
cik: "0001278752"
company_name: "MidCap Financial Investment Corp"
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:23:39.759820+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001193125-25-269805
- form_type: 8-K
- ticker: MFIC
- cik: 0001278752
- company_name: MidCap Financial Investment Corp
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1278752/000119312525269805/0001193125-25-269805-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1278752/000119312525269805/d46238d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-269805
- JSON: https://secwatch.observer/filing/0001193125-25-269805.json
- Plain text: https://secwatch.observer/filing/0001193125-25-269805.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.