MidCap Financial provided a senior secured credit facility to Evolucion Innovations, Inc. (evo). Proceeds from the credit facility were used to refinance the Company’s existing credit facility and to support the ongoing working capital needs of the company.
The credit facility has a three-year term and gives evo access to up to $60 million in total credit, consisting of $50 million in commitments with an accordion facility of an additional $10 million.