Ares Commercial Finance led the financing of a $210 million senior secured cross-border revolving line of credit for MicroStar Logistics, a portfolio company of Freeman Spogli.
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.
Bird Rides completed its business combination with Switchback II Corporation. The combined company received $414 million in incremental liquidity, including availability under Bird’s credit facility with Apollo Investment and MidCap Financial Trust.
Xtant Medical Holdings entered into credit agreements with MidCap Financial Trust. The credit agreements provide for a $12 million secured term loan and an $8 million secured revolving credit facility.
ImageOne Interco refinanced its existing senior debt facility through a revolving line of credit from a syndicate of lenders led by MidCap Financial and a term loan facility from Catalur Capital. FocalPoint Securities served as exclusive financial advisor on the transaction.
LendingPoint Consolidated, parent of the financial technology platform LendingPoint, closed an up to $110 million, five-year corporate mezzanine credit facility with new partners MidCap Financial Trust, managed by a subsidiary of Apollo Global Management, Inc. and Apollo Investment.
TherapeuticsMD has signed a binding commitment letter for a fully-negotiated $300 million non-dilutive secured term loan financing facility with TPG Sixth Street Partners.
MidCap Financial Trust served as administrative agent and lender on a $100 million secured loan facility for BioCryst Pharmaceuticals.