MidCap Financial Investment Corporation Extends Senior Secured Revolving Credit Facility, Reduces Margin and Fee

MidCap Financial Investment Corporation has amended and extended its senior secured revolving credit facility, reducing the lender commitment by $50 million to $1.61 billion and extending the final maturity date to October 1, 2030. The applicable margin was reduced by 10 basis points to 177.5 basis points, and the commitment fee was reduced by 5 basis points to 32.5 basis points. The joint bookrunners and joint lead arrangers on the facility are JPMorgan Chase Bank, N.A., Truist Securities, Inc., and BMO Capital Markets Corp.

MidCap Financial Investment Corporation (MFIC) has amended and extended its senior secured, multi-currency revolving credit facility, reducing the lender commitment by $50 million to $1.61 billion. The final maturity date has been extended from October 17, 2029, to October 1, 2030. Additionally, the applicable margin has been reduced by 10 basis points to 177.5 basis points, and the commitment fee has been cut by 5 basis points to 32.5 basis points. The joint bookrunners and lead arrangers on the facility include JPMorgan Chase Bank, N.A., Truist Securities, Inc., and BMO Capital Markets Corp.

The amendment and extension of the credit facility indicate that MFIC is seeking to optimize its financial structure and potentially reduce financing costs. The reduction in the margin and commitment fee could enhance the company's financial flexibility and potentially improve its return on equity. The extension of the maturity date also provides MFIC with additional time to manage its debt obligations and potentially explore new investment opportunities.

The move comes amidst a broader trend in the financial markets where companies are seeking to renegotiate their debt terms to manage liquidity and reduce interest expenses. As the economy continues to evolve, such strategic adjustments can help companies better navigate market conditions and maintain their financial health.

For more information, please refer to the company's press release MidCap Financial Investment Corporation Amends and Extends Its Senior Secured Revolving Credit Facility^[1].