MidCap Extends $20MM IOU Financial Facility

IOU Financial modified and extended its $20 million secured credit facility with MidCap Financial until December 31, 2020.

MidCap Provides $25MM IOU Financial Facility

IOU Financial entered into a $50 million credit facility with MidCap Financial with an initial commitment of $25 million that can be expandable to $50 million at IOU’s request and the lender’s acceptance.