MidCap Financial provided a senior secured credit facility, comprising an asset-based revolving line of credit and term loan to Rand McNally. Proceeds from the MidCap credit facility will be used as growth capital and to provide for the business’ ongoing working capital needs.
Unchained Labs closed a $155 million debt facility with Midcap Financial and Golub Capital to support future acquisitions. The debt facilities include a revolver, a term loan and a delayed draw term loan which allow the company to quickly access capital.
MidCap Financial provided a $50 million senior revolving credit facility to Transfix, a technology-driven digital freight marketplace.
SLR Credit Solutions closed a $130 million senior secured last out term loan for Revlon, which used proceeds from the transaction to refinance existing debt and to provide enhanced liquidity and flexibility.
MidCap Financial replaced Citibank as the collateral agent and administrative agent for the amended 2016 revolving credit agreement of Revlon Consumer Products. MidCap Financial and Apollo affiliates provided the $270 million tranche A revolving credit facility as tranche A revolving lenders.
MidCap Financial provided a $250 million senior revolving credit facility to Vericast, a marketing solutions provider. The credit facility refinanced Vericast’s prior credit facility and will provide for the company’s working capital needs.
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.
Paragon 28, an orthopedic medical device company focused exclusively on the foot and ankle, entered into a credit facility with MidCap Financial that provides access to up to $70 million in total credit.
MidCap Financial provided a $15 million senior secured credit facility to ImageOne Industries, a provider of branding, signage and maintenance services.
Accuray entered into a new five-year, $80 million term loan and $40 million revolving credit facility. Silicon Valley Bank acted as administrative agent and sole bookrunner for the new credit facility.