secwatch.observer — SEC 8-K summary
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Issuer:     MidCap Financial Investment Corp (MFIC)
CIK:        0001278752
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001193125-25-269805
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1278752/000119312525269805/0001193125-25-269805-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1278752/000119312525269805/d46238d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-269805

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