Welcome to our dedicated page for MidCap Financial news (Ticker: MFIC), a resource for investors and traders seeking the latest updates and insights on MidCap Financial stock.
MidCap Financial Investment Corp (MFIC) delivers specialized financing solutions through senior secured loans and structured credit instruments for middle-market companies. This news hub provides investors with essential updates on corporate developments, financial performance, and strategic initiatives.
Access timely press releases and analysis covering MFIC's earnings reports, portfolio adjustments, leadership announcements, and regulatory filings. Our curated collection serves as a centralized resource for tracking the company's activities in middle-market lending and credit investments.
Key updates on loan portfolio performance, dividend declarations, and industry partnerships are maintained here for efficient research. Bookmark this page for ongoing insights into MFIC's risk management practices and market positioning within the competitive landscape of structured finance.
MidCap Financial Investment (NASDAQ: MFIC) has announced its upcoming earnings release schedule for Q1 2025. The company will disclose its financial results for the quarter ended March 31, 2025, after the Nasdaq Global Select Market closes on Monday, May 12, 2025.
A conference call is scheduled for Tuesday, May 13, 2025, at 8:30 a.m. Eastern Time. Participants can join by dialing (800) 225-9448 (US) or (203) 518-9708 (international) with Conference ID: MFIC0513. A simultaneous webcast will be available on the company's website. A replay will be accessible until June 3, 2025, via phone at (800) 727-1367 (US) or (402) 220-2669 (international), and through audio webcast on the company's website.
MidCap Financial Investment (MFIC) has reported its financial results for Q4 and fiscal year 2024. The company recorded net investment income of $0.40 per share for Q4, down from $0.44 in Q3 2024. Net asset value (NAV) decreased by 0.8% to $14.98 per share from $15.10 in the previous quarter.
Key highlights include $255 million in new investment commitments and $248 million in gross fundings during Q4. The Board declared a dividend of $0.38 per share payable on March 27, 2025. The company completed its second CLO transaction (MFIC Bethesda CLO 2) worth $529.6 million, securing debt capital of $399.0 million at SOFR + 161 basis points.
The company maintains a net leverage ratio of 1.16x and plans to gradually increase leverage to target levels. MFIC's liquidity position includes outstanding debt obligations of $1.757 billion and an available remaining commitment of $682.0 million under its facility.
MidCap Financial Investment (NASDAQ: MFIC) has announced it will release its financial results for the quarter and fiscal year ended December 31, 2024, after the Nasdaq Global Select Market closes on Tuesday, February 25, 2025.
The company will host a conference call on Wednesday, February 26, 2025, at 8:30 a.m. Eastern Time. Interested parties can participate by dialing (800) 225-9448 (domestic) or (203) 518-9708 (international), referencing MidCap Financial Investment Earnings or Conference ID: MFIC0226.
A simultaneous webcast will be available on the company's website. A telephonic replay will be accessible until March 19, 2025, and an audio webcast replay will also be available on the company's website.
MidCap Financial Investment (MFIC) reported financial results for Q3 2024. Net investment income was $0.44 per share, down from $0.45 in Q2 2024. Net asset value per share decreased 0.5% to $15.10. The company made $371 million in new investment commitments and completed mergers with AFT and AIF, acquiring investments totaling $596 million. The Board declared a dividend of $0.38 per share payable December 26, 2024. The company also amended and extended its senior secured credit facility, increasing total lender commitments to $1.815 billion.
MidCap Financial Investment (NASDAQ: MFIC) has announced the amendment and extension of its senior secured, multi-currency, revolving credit facility. Key points include:
- Total lender commitments increased by $110 million to $1.660 billion, excluding non-extending lender commitments
- Including non-extending lender commitments, total commitments are $1.815 billion
- Final maturity date extended from April 19, 2028, to October 17, 2029, for extending lenders
- $155 million in commitments from non-extending lenders set to terminate on December 22, 2024
- Material business terms remain substantially the same
JPMorgan Chase Bank, N.A., Truist Securities, Inc., BMO Capital Markets Corp., and MUFG Bank, are Joint Bookrunners and Joint Lead Arrangers. JPMorgan Chase Bank, N.A is the Administrative Agent.
MidCap Financial Investment (NASDAQ: MFIC) has announced its schedule for reporting Q3 2024 results. The company will release its earnings report for the quarter ended September 30, 2024, before the Nasdaq Global Select Market opens on Thursday, November 7, 2024. Following the release, MFIC will host a conference call at 8:30 a.m. Eastern Time on the same day.
Interested parties can join the call by dialing (800) 343-4136 (US) or (203) 518-9843 (international), referencing MidCap Financial Investment Earnings or Conference ID: MFIC1107. A simultaneous webcast will be available on the company's website. After the call, a replay will be accessible via phone until November 28, 2024, and via audio webcast on the company's website.
MidCap Financial Investment (NASDAQ: MFIC) reported financial results for Q2 2024. Key highlights include:
- Net investment income of $0.45 per share, up from $0.44 in Q1 2024
- Net asset value of $15.38 per share, down slightly from $15.42 in Q1
- New investment commitments of $285 million
- Net fundings of $90 million
- Net leverage ratio of 1.45x
- Declared dividend of $0.38 per share
The company also completed mergers with Apollo Senior Floating Rate Fund and Apollo Tactical Income Fund, increasing net assets by 43.7% to $1.45 billion and portfolio size to $3.07 billion. This reduced the net leverage ratio to 1.13x and created more investment capacity.
MidCap Financial Investment (NASDAQ: MFIC) has completed its mergers with Apollo Senior Floating Rate Fund Inc. (NYSE: AFT) and Apollo Tactical Income Fund Inc. (NYSE: AIF). The combined company will operate as MFIC and continue trading on Nasdaq. Former AFT stockholders will receive 0.9547 MFIC shares per AFT share, while former AIF stockholders will receive 0.9441 MFIC shares per AIF share.
Post-merger, legacy MFIC stockholders own 69.6%, former AFT 15.8%, and former AIF 14.6% of the combined company. Key financial highlights include $3.07 billion in investments at fair value, $1.45 billion in net assets, and a 1.13x net leverage ratio. MFIC's Board declared a special distribution of $0.20 per share, payable on August 15, 2024, to stockholders of record as of August 5, 2024.
MidCap Financial Investment (NASDAQ: MFIC) has announced its schedule for reporting Q2 2024 earnings. The company will release its results for the quarter ended June 30, 2024, after the Nasdaq Global Select Market closes on Wednesday, August 7, 2024. A conference call is scheduled for Thursday, August 8, 2024, at 8:30 a.m. Eastern Time.
Interested parties can join the call by dialing (800) 343-5172 (US) or (203) 518-9856 (international). The call's reference is MidCap Financial Investment Earnings or Conference ID: MFIC0808. A simultaneous webcast will be available on the company's website. A replay of the call will be accessible via phone until August 29, 2024, and via audio webcast on the company's website.
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