Midcap, Apollo Close $555MM Genesis Healthcare ABL Facility

MidCap Financial and Apollo Investment closed a $555 million ABL facility for Genesis Healthcare. Genesis also expanded its existing $124 million term loan with affiliates of Welltower and Omega Healthcare.

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, Welltower, Omega Expand Genesis Facilities

As part of its restructuring plan, Genesis HealthCare closed a new $555 million ABL facility with MidCap Financial and expanded its term loan with Welltower and Omega Healthcare Investors.

MidCap Financial Names Marziani Managing Director

Specialty finance firm Midcap Financial named Michael Marziani managing director and team leader of the MidCap Technology Finance Group.

MidCap Provides $46MM Facility to Unique Group

MidCap Financial provided a $46 million senior credit facility to Unique Group, an importer and distributor of engineered metal products.

MidCap Financial Provides $40MM Term Loan to Accuray

Radiation oncology company Accuray closed a new $40 million term loan with MidCap Financial while concurrently reducing the borrowing facility under its existing revolver with MidCap by $20 million.

MidCap Provides $22MM Facility to E-Commerce Firm

MidCap Financial provided a $22 million senior credit facility to an e-commerce technology company.

MidCap, Ares Provide $80MM Facility to Action Resources

MidCap Financial and Ares Commercial Finance jointly provided an $80 million senior credit facility to a specialized trucking and environmental service provider, Action Enterprise Holdings d/b/a Action Resources.

Apollo Global, Midcap Finance Support SK Capital Acquisition

SK Capital completed its acquisition of Perrigo’s active pharmaceutical ingredients business and renamed it Wavelength Pharmaceuticals.

MidCap Financial Extends Aptevo Cash Runway $20 Million

Aptevo Therapeutics amended the terms of a credit agreement with MidCap Financial Trust, enabling the company to retain the $20 million first tranche and canceling the option for a $15 million second tranche.