BDCs

BDC Quick Recap: MidCap Financial Investment Corp. (MFIC) as of December 31st, 2022

MidCap Financial Investment Corp. (MFIC) filed its earnings Tuesday afternoon and data was available in SOLVE’s BDC workstation within minutes. Here is a quick recap of the credit stats for MidCap Financial Investment Corp. (MFIC) for the three-month period ended Dec. 31st, 2022.

Portfolio Stats

FMV $2.4B
# of Investments 285
Total unused commitments to extend financing $399.8M
Portfolio Companies 135
Portfolio Composition
First Lien 82.00%
Second Lien 4.10%
Equity and Other  13.90%

Source: SOLVE Fixed Income, MidCap Financial Investment Corp. (MFIC)

Portfolio Credit Quality

Non-Accruals Cost $49.4M
# of Non-Accruals 6
# of Portfolio at Cost 1.90%
New Non-Accruals N/A

Source: SOLVE Fixed Income, MidCap Financial Investment Corp. (MFIC)

Select New Originations

Company Investment Type Industry Cost Maturity Coupon
CNSI Holdings LLC First Lien Secured Debt Healthcare & Pharmaceuticals $17.4M 12/17/2028 S+650
FC2 LLC Secured Debt-Promissory Note Chemicals, Plastics & Rubber $12.5M 10/14/2027
ViewRay Inc First Lien Secured Debt Healthcare & Pharmaceuticals $12.4M 11/1/2027 P+350

Source: SOLVE Fixed Income, MidCap Financial Investment Corp. (MFIC)

Exits & Sales

Company Investment Type Industry Net Proceeds Maturity Coupon
NW Entertainment Inc First Lien Secured Debt Media – Diversified & Production $29.5M 8/16/2024 L+750
Keystone Acquisition Corp First Lien Secured Debt Healthcare & Pharmaceuticals $11.8M 1/26/2029 L+575
Kindeva Drug Delivery LP First Lien Secured Debt Healthcare & Pharmaceuticals $9.2M 5/1/2026 L+600

Source: SOLVE Fixed Income, MidCap Financial Investment Corp. (MFIC)

Interested in learning more about SOLVE’s BDC data? Email sales@solvefixedincome.com, or Request a Trial to learn more.

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