MidCap Financial Investment Corp 8.00% Unsecured Notes Due 12/15/2028 (MFICL)
NGS · · CUSIP 03761U601
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Security Details

Coupon Rate
8.00%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
12/15/2025
Maturity Date
12/15/2028
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
2
Distribution Dates
3/15, 6/15, 9/15 & 12/15
Credit Ratings
Moody's NR · S&P NR (12/7/2023)
Tax-Advantaged Dividends
No

Security Profile

Security Type
Exchange-Traded Debt Security »
CUSIP
03761U601
IPO
12/7/2023 · $25.00/share
Parent Company
MidCap Financial Investment Corp (MFIC)
Business: MidCap Financial Investment Corp 8.00% Unsecured Notes Due 2028, redeemable at the issuer's option on or after 12/15/2025 at $25 per note plus accrued and unpaid interest, and maturing 12/15/2028. <p>Interest distributions of 8.00)% per annum ($2.00 per annum or $0.50) per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be 3/1, 6/1, 9/1 & 12/1 (NOTE: the ex-dividend date is one business day prior to the record date). <p> Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. <p> Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. <p> This security was not rated by Moody’s or S&P at the time of its IPO. This security was rated as BBB- by Kroll Bond Rating Agency at the date of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: The 8.00% Senior Notes were issued on 12/07/2023 and are expected to begin trading on the Nasdaq Global Select Market within 30 days of their issue date. The shares may start interim trading on the Other OTC market but we are not aware that they have done so to date.

Company Contact

CEO
Tanner Powell
CFO
Gregory W. Hunt
Headquarters
9 West 57th Street, 41st Floor, New York, NY 10019
Phone
212-515-3450
Investor Relations
Elizabeth Besen · 212-822-0625 · ebesen@apollo.com
General Email
investorrelations@apolloic.com
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