MidCap Financial Issuer Trust is proposing to issue USD400 million aggregate principal amount of senior notes due 2030 (the Notes) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended.
The offering is subject to market conditions and other factors.
The Company intends to use the net proceeds from the offering to repay a portion of its existing revolving indebtedness, to pay related fees and expenses and for general corporate purposes.
The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act that are also “qualified purchasers” (as defined in Section 2(a)(51) of the Investment Company Act of 1940, as amended). The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws.
The Company maintains a password-protected website for existing and prospective bond investors meeting the eligibility requirements set forth in the preceding paragraph. The Company has posted certain information relating to the Company’s business, financial results and this offering on such website.
