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.
MidCap Financial provided a $22 million senior secured credit facility to Janie and Jack. The facility consists of a $17 million asset-based revolving line of credit, a $5 million term loan and a $500,000 preferred equity co-investment.
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.