MidCap Financial LLC announced that one of its financing subsidiaries has extended the maturity date to January 2015 and increased to $600 million its credit facility led by Wells Fargo Capital Finance with commitments from SunTrust Bank, Key Equipment Finance, Capital One, Fifth Third Bank, EverBank Commercial Finance and The Huntington National Bank. The facility provides financing against MidCap’s asset-based loans to healthcare companies.

In other financing developments, MidCap has also added three new lenders to its stable of banks who provide credit on its real estate asset class. In all, MidCap has raised $218 million from six new lenders during the first two months of 2012. These new commitments bring MidCap’s total debt financing commitments to more than $1 billion from 18 different credit partners.

Together with its equity capital commitments, MidCap now has in excess of $1.5 billion of financing capacity to support its four senior debt business lines. After completing a record 2011, MidCap will utilize its growing balance sheet to continue its strong performance for the balance of 2012.

David Moore, MidCap’s CFO, said, “We are thrilled to close this expanded facility with Wells Fargo, a truly supportive partner since MidCap got started in 2008. Wells has continuously stood by us, and we will certainly benefit from their efforts to further syndicate this facility. Likewise, having the confidence and support of world-class companies like SunTrust, Key, Capital One, Fifth Third, EverBank and Huntington is truly gratifying. We plan to utilize this critically important facility, together with those from our other credit partners, to take advantage of the current strong market to build our senior debt portfolio.”

MidCap Financial is a commercial finance company focused on middle market lending in the broad national healthcare industry.