MidCap Financial provided an $85 million senior secured credit facility to Avison Young, a global real estate advisor.

The MidCap credit facility is part of a comprehensive financial recapitalization transaction that will reinforce the Avison Young’s financial foundation by reducing its financial obligations by more than half and securing additional capital to advance its strategic goals. The company used some of the proceeds from the credit facility to refinance its existing credit facility and will use the remainder to support ongoing working capital needs.