Daily News: September 20, 2018

MidCap Financial Provides $40MM Facility to Wood Pallet Recycler


MidCap Financial provided a $40 million senior credit facility to a white wood pallet recycler.

The facility will support a financial sponsor’s acquisition of the company and will provide for working capital needs as the company grows.

MidCap Financial is managed by Apollo Capital Management, a subsidiary of Apollo Global Management, an alternative investment manager with approximately $270 billion in assets under management.