Sidley Represents Initial Purchasers in MidCap Financial’s US$500 Million Senior Notes Offering

Sidley represented the initial purchasers, led by J.P. Morgan, in the Rule 144A offering by MidCap Financial Issuer Trust of US$500 million aggregate principal amount of 7.050% Senior Notes due 2029. MidCap Financial is a middle market-focused specialty finance firm managed by a subsidiary of Apollo Global Management, Inc. It intends to use the net proceeds to repay a portion of its existing senior secured indebtedness.

The deal team was led by Rob Ryan and Sam Gandhi, and included Joe Chung, Nick Sgroi, and Skylar Jaeger (Capital Markets); and Dan Altman, Patrick Gray, and Michael Sliskovich (Tax).