MidCap Financial Issuer Trust
MidCap Financial Issuer Trust (the “Company”) is an investment‑grade‑rated subsidiary of MidCap FinCo LLC, established to support the capital markets funding needs of MidCap Financial. The Company issues unsecured notes to qualified institutional buyers, providing diversified, long‑term financing to support MidCap Financial’s lending and origination activities.
MidCap Financial Platform Overview
MidCap Financial is Apollo’s primary middle‑market direct origination platform, supported by long‑standing relationships with private equity sponsors and portfolio company management teams and a successful track record since our inception in 2008. These relationships support consistent deal flow and disciplined credit selection and underwriting.
The platform offers financing solutions across multiple asset classes and benefits from flexible balance sheet management, including the ability to hold loans and syndicate assets to managed accounts and third parties through an established capital markets infrastructure. Together with disciplined underwriting and broad distribution capabilities, these structural strengths support scalable growth and prudent risk management across credit cycles.
Issuer Credit Strengths
- Stable permanent capital from Apollo and long‑term institutional investors supports durability across market cycles.
- A diversified, long‑duration funding structure provides a resilient foundation for ongoing operations and growth.
- Broad origination and structuring capabilities support disciplined underwriting, pricing flexibility, and documentation control.
- Product breadth enables deliberate capital deployment through varying credit environments.
Summary of Unsecured Term Debt Issuances
The Company issues unsecured term debt to qualified institutional buyers. A summary of outstanding unsecured notes and term debt is provided in the table below.
$ in millions
| Issuer | Maturity | Principal | Coupon | ISIN | Format |
|---|---|---|---|---|---|
| MidCap Financial Issuer Trust | 5/1/2028 | $1,000.00 | 6.50% Fixed | US59567LAA26 | 144A |
| MidCap Financial Issuer Trust | 1/15/2030 | $400.00 | 5.625% Fixed | US59590AAA79 | 144A |
| MidCap Financial Issuer Trust | 1/7/2032 | $303.00 | 8.25% Fixed | — | Term Loan |
| MidCap Financial Issuer Trust | 4/14/2032 | $150.00 | 8.55% Fixed | — | Term Loan |
| MidCap Financial Issuer Trust | 5/20/2031 | $150.00 | 8.80% Fixed | — | Term Loan |
| MidCap Financial Issuer Trust | 4/15/2029 | $210.00 | 5.37% Fixed | US59590AAF66 | 4(a)(2) |
| MidCap Financial Issuer Trust | 4/15/2029 | $187.00 | FRN | US59590AAE91 | 4(a)(2) |
| MidCap Financial Issuer Trust | 1/15/2031 | $315.00 | FRN | US59590AAC36 | 4(a)(2) |
| MidCap Financial Issuer Trust | 1/15/2033 | $284.50 | FRN | US59590AAD19 | 4(a)(2) |
| MidCap Financial Issuer Trust | 1/15/2035 | $75.00 | FRN | US59567CAA27 | 4(a)(2) |
| MidCap Financial Issuer Trust | 1/15/2056 | $593.00 | FRN | US59590AAG40 | 4(a)(2) |
| MidCap Financial Issuer Trust | 1/15/2056 | $1,475.50 | FRN | US59590AAH23 | 4(a)(2) |
Investor Reporting and Portal Access
The Company publishes annual, quarterly, and interim financial reports and investor updates for eligible bondholders, prospective investors, market makers, and securities analysts via a secure investor portal. To request access, please download and complete the confidentiality agreement available below under “Request Access Form” and return to investors@midcapfinancial.com. If you already have access, you can view the investor portal by clicking “Login” below.
Frequently Asked Questions
Where are the Company’s notes traded?
The Company’s unsecured notes are traded over-the-counter (OTC) by FINRA-registered broker-dealers.
Where can investors find more information?
Contact Us
MidCap Financial refers to MidCap FinCo LLC, a Delaware limited liability company, and its applicable subsidiaries. MidCap Financial is managed by Apollo Capital Management, L.P., a subsidiary of Apollo Global Management, Inc., pursuant to an investment management agreement. Loans made or arranged pursuant to a California Finance Lenders license.