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.
Rigel Pharmaceuticals has entered into a $60 million term loan credit facility with MidCap Financial.
Midcap Financial completed its acquisition of substantially all of PNC Bank’s Franchise Finance loan portfolio.
People’s United Bank’s Healthcare Finance and Capital Markets Divisions provided a $92 million credit facility to MidCap Financial.
MidCap Financial provided a $60 million senior revolving credit facility to Celadon Group, a North American transportation company.
MidCap Financial provided an $85 million senior credit facility to Westmoreland Mining Holdings.
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.
MidCap Financial and Silicon Valley Bank provided a new $25 million term loan to Ocular Therapeutix, a biopharmaceutical company focused on the development of therapies for diseases and conditions of the eye.