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Jan 9, 2026 8:10 AM

MidCap Financial Announces Inaugural Investment Grade Financing

BETHESDA, Md., Jan. 09, 2026 (GLOBE NEWSWIRE) -- MidCap Financial ("MidCap" or the "Company") today announced the signing of approximately $3.1 billion of senior unsecured notes and junior subordinated notes, with funding expected on January 15, 2026. The transaction represents a transformative milestone for MidCap, materially enhancing balance sheet strength, financial flexibility and long-term funding efficiency. As a result of the issuance, the Company expects its Senior Unsecured credit rating to improve to investment grade status.

The Company believes the issuance represents one of the most significant credit profile improvements to be achieved in private credit, further expanding access to capital markets and reinforcing its ability to serve its approximately 600 borrowers. The transaction also diversifies MidCap's funding sources, extends liability duration and is expected to lower the Company's cost of capital over time, enhancing competitive positioning ...