MidCap Financial Investment Corporation has amended and extended its senior secured, multi-currency, revolving credit facility. Lender commitments under the Facility will remain $1.705 billion until December 22, 2024 and will decrease to $1.550 billion thereafter. The final maturity date under the Facility was extended by over two years from December 22, 2025 to April 19, 2028. The primary benchmark rate was changed from LIBOR to SOFR and the spread under the Facility was slightly reduced. The remaining material terms of the Facility will remain unchanged.JPMorgan Chase Bank, N.A., Truist Securities, Inc., BMO Capital Markets Corp., and MUFG Bank, LTD. are Joint Bookrunners and Joint Lead Arrangers on the Facility. JPMorgan Chase Bank, N.A is the Administrative Agent on the Facility.
Published first on TheFly
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