MidCap Financial announced it has provided a $14 million senior credit facility to a managed print services company. In Q3 2018, a private equity group made a significant investment in the Company. In conjunction with the private equity group’s investment, the MidCap credit facility will facilitate the Company’s long-term growth and provide for the Company’s working capital needs.
The Company is a critical supplier to the rapidly growing Managed Print Services (MPS) market. Its customers include equipment dealers across the United States and Canada, who value the company for its product development capabilities and product quality.