Simpson Thacher represented MidCap Financial Investment Corporation (NASDAQ: MFIC) in an SEC-registered “at-the-market” equity program pursuant to which MFIC’s shares of common stock, having an aggregate sales price of up to $200 million, may be sold from time to time under the program by Truist Securities, Inc. and Jefferies LLC, as sales agents.
MFIC is an externally managed, diversified, closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. MFIC had approximately $2.44 billion in investments at fair value as of June 30, 2024. MFIC’s primary investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation.
Apollo Investment Management, L.P., an affiliate of Apollo Global Management, Inc. and its consolidated subsidiaries, is MFIC’s investment adviser.
The Simpson Thacher team included Rajib Chanda, Steven Grigoriou, Jonathan Pacheco, Kaitlyn Bello and Sherry Liu (Registered Funds); and Russell Light and Caroline Phillips (Tax).