MidCap Financial Extends and Increases to $600 Million Its Credit Facility Led by Wells Fargo Capital Finance
MIDCAP FINANCIAL, LLC, the nation's leading independent commercial finance company focused exclusively on middle market healthcare companies, announced today that one of its financing subsidiaries has extended the maturity date to January 2015 and increased to $600 million a credit facility led by Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC), with commitments from SunTrust Bank, Key Equipment Finance, Capital One, Fifth Third Bank, EverBank Commercial Finance, and The Huntington National Bank. The facility provides financing against MidCap's asset-based loans to healthcare companies.
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