MidCap Financial provided a $160 million senior revolving credit facility to Akorn, a specialty pharmaceutical company. The credit facility refinanced the company’s prior credit facility to facilitate the company’s emergence from its Chapter 11 filing.
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.
IOU Financial, an online lender to small businesses has modified and extended its $22 million secured credit facility with MidCap Financial until December 31, 2022.
People’s United Bank’s Healthcare Finance and Capital Markets Divisions provided a $92 million credit facility to MidCap Financial.
Cerus has closed a new debt facility with MidCap Financial (MidCap) which is expandable up to $90 million. The debt facility consists of a staged $70 million term loan and a $5 million revolving line of credit, expandable up to $20 million.
SVB and MidCap Financial entered a $100 million credit agreement with Organogenesis, a regenerative medicine company focused on product solutions for the advanced wound care and surgical and sports medicine markets.