MidCap Provides $160MM Senior Secured Credit Facility to Akorn Pharmaceuticals

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.

October 12, 2020 Akorn Pharmaceuticals | MidCap Financial Ellie Delany

MidCap Financial Secures $300MM in Equity Financing

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.

May 8, 2020 Howard Widra | MidCap Financial | Steve Curwin Phil Neuffer

IOU Financial Extends $22MM Facility with MidCap Financial

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.

January 2, 2020 IOU Financial | MidCap Financial nadine

MidCap Financial Provides $60MM Facility for Rigel

Rigel Pharmaceuticals has entered into a $60 million term loan credit facility with MidCap Financial.

October 3, 2019 MidCap Financial | Rigel Pharmaceuticals nadine

MidCap Financial Acquires PNC Bank Franchise Finance Business

Midcap Financial completed its acquisition of substantially all of PNC Bank’s Franchise Finance loan portfolio.

October 2, 2019 MidCap Financial | PNC Bank nadine

People’s United Provides $92MM Facility for MidCap Financial

People’s United Bank’s Healthcare Finance and Capital Markets Divisions provided a $92 million credit facility to MidCap Financial.

August 29, 2019 MidCap Financial | People's United Bank nadine

MidCap Financial Provides $60MM Revolver for Celadon

MidCap Financial provided a $60 million senior revolving credit facility to Celadon Group, a North American transportation company.

August 7, 2019 Celadon Group | MidCap Financial nadine

MidCap Financial Provides $85MM Facility to Westmoreland

MidCap Financial provided an $85 million senior credit facility to Westmoreland Mining Holdings.

June 20, 2019 MidCap Financial nadine

MidCap Financial Provides Cerus with Term Loan and Revolver

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.

April 2, 2019 Cerus | Kevin D. Green | MidCap Financial ckirtley

SVB, MidCap Financial Provide $100MM Facility to Organogenesis

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.

March 15, 2019 Kevin Longo | MidCap Financial | Organogenesis | Silicon Valley Bank | SVB Amanda Koprowski