MidCap Financial provided a $20 million senior revolving credit facility to ABD Group (Village Fertility Pharmacy or VFP). The MidCap credit facility includes an uncommitted option to increase the total facility size up to $35 million.
MidCap Financial completed an acquisition of a significant portion of Sector Financial’s managed healthcare asset-based lending portfolio, totaling more than $500 million in commitments and more than $300 million in funded assets.
Percent, a capital markets platform, acquired the proprietary portfolio surveillance and risk management technology of MidCap Financial, a specialty finance firm managed by Apollo Capital Management. Financial terms of the deal have not been disclosed.
Aterian signed an asset-backed credit facility with MidCap Financial Trust. The credit facility has a three-year term and gives Aterian access to up to $50 million in total credit.