MidCap Financial provided a $14 million senior credit facility to a managed print services company.
The company is a critical supplier to the rapidly growing managed print services market. Its customers include equipment dealers across the U.S. and Canada who value the company for its product development capabilities and product quality.
In the third quarter of 2018, a private equity group made a significant investment in the company. In conjunction with the investment, the MidCap credit facility will facilitate the company’s long-term growth and provide for its working capital needs.