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MidCap Financial Provides $12MM Credit Facility to Select Brands

October 27, 2016, 07:26 AM
Filed Under: Manufacturing

MidCap Financial closed a $12 million senior credit facility with small kitchen and appliance developer, Select Brands, Inc. The MidCap credit facility refinanced Select Brands' prior line of credit with Community Bank and expended the Company's credit line to facilitate growth and provide for working capital needs.

MidCap Financial is a middle market-focused, specialty finance firm that provides senior debt solutions to businesses across all industries throughout North America.

MidCap Financial is managed by Apollo Capital Management, L.P., a subsidiary of Apollo Global Management, pursuant to an investment management agreement between Apollo Capital Management, L.P. and MidCap FinCo Limited. Apollo Global Management is one of the world's leading alternative investment managers with approximately $173 billion of assets under management (as of March 31, 2016), providing market leading industry expertise, market reach and financing synergies.

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