Apollo completed several transformative changes which reinforce the company’s position as a senior secured middle market business development company.
Craig Farr joined Apollo Global Management as a senior partner to lead the firm’s capital solutions activities. In this newly created role, Farr will spearhead Apollo’s centralized origination, structuring and distribution platform.
Apollo Investment Corporation extended the final maturity of its senior secured revolving credit facility by approximately two years. JPMorgan Chase, Truist Securities, BMO Capital Markets and MUFG Union Bank are joint bookrunners and joint lead arrangers on the facility.
MidCap Financial completed an equity offering of more than $300 million. This offering is part of a strategy to enhance MidCap Financial’s financial flexibility as a capital provider to the middle market.