Security
MidCap Financial Investment Corporation 8.00% Notes due 2028 · MFICL
MFICLNASDAQotherCurrentCIK 1278752Updated Nov 2, 2026
Name history
APOLLO INVESTMENT CORP · through Aug 10, 2022APOLLO CAPITAL CORP · through Feb 6, 2004
MFICL price & chart
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NASDAQ:MFICL on TradingView ↗About the company
MidCap Financial Investment Corporation (NASDAQ: MFIC) is a closed-end, externally managed, diversified management investment company that has elected to be treated as a business development company (“BDC”) under the Investment Company Act of 1940 (the “1940 Act”). For tax purposes, the Company has elected to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Company is externally managed by Apollo Investment Management, L.P. (“Apollo”), an affiliate of Apollo Global Management, Inc. and its consolidated subsidiaries, a high-growth global alternative asset manager. The Company’s investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. The Company primarily invests in directly originated and privately negotiated first lien senior secured loans to privately held U.S. middle-market companies, which the Company generally defines as companies with less than $75 million in EBITDA, as may be adjusted for market disruptions, mergers and acquisitions-related charges and synergies, and other items. To a lesser extent, the Company may invest in other types…
In the news
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Recent filings
425 filing
425 filing
Entry into a Material Definitive Agreement · Results of Operations and Financial Condition · Regulation FD Disclosure
Items 1.01, 2.02, 7.01, 9.01
Results of Operations and Financial Condition
Items 2.02, 9.01
10-Q filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | — | — | -26,871,000Source | 30,330,000Source | 63,169,000Source | 98,819,000Source | 118,760,000Source | 82,364,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 169,392,000Source | -131,308,000Source | -49,746,000Source | -9,532,000Source | 196,381,000Source | -2,677,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 76,025,000Source | 6,079,000Source | 18,969,000Source | 248,107,000Source | 2,297,000Source | 21,100,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -226,135,000Source | 140,534,000Source | 73,372,000Source | -36,762,000Source | -161,360,000Source | -21,331,000Source |
| Dividends paid | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Repayments of Long-term DebtUSD | — | — | — | — | — | — | 200,673,000Source | 840,000,000Source | 1,880,650,000Source | 334,371,000Source | 655,285,000Source | 401,250,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 66,459,000Source | 84,806,000Source | 43,354,000Source | 71,896,000Source | 42,689,000Source | 85,033,000Source | 99,448,000Source | 75,786,000Source | 122,128,000Source | 30,598,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 28,933,000Source | 32,129,000Source | 120,240,000Source | 110,719,000Source | 97,472,000Source | 47,897,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | -16,000Source | 21,000Source | 36,000Source | -48,000Source | 16,000Source | -18,000Source |
| Additional Financial Items | ||||||||||||
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | 1,227,000Source | 1,396,000Source | 5,120,000Source | 5,158,000Source | 5,258,000Source | 5,161,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | — | -160,000Source | -40,000Source | -373,000Source | 277,000Source | -3,952,000Source | -313,000Source | -233,000Source | -592,000Source | 69,000Source | -5,586,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | — | — | 859,000Source | -1,433,000Source | — | -2,550,000Source | 3,266,000Source | -814,000Source | -2,684,000Source | 1,525,000Source | -2,548,000Source | 9,178,000Source |
| Gain (Loss) on Sale of DerivativesUSD | — | — | — | — | 334,000Source | -610,000Source | 904,000Source | — | -610,000Source | — | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | — | — | -3,406,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | — |
| InterestAndDividendIncomeOperatingPaidInKindUSD | — | — | — | — | — | — | 3,373,000Source | 4,055,000Source | 20,104,000Source | 14,842,000Source | 2,970,000Source | — |
| InterestIncomeOperatingPaidInKindUSD | — | — | 4,192,000Source | 2,974,000Source | 4,247,000Source | 5,173,000Source | 3,373,000Source | 3,521,000Source | 17,898,000Source | 12,151,000Source | 3,006,000Source | — |
| InvestmentCompanyDistributionOrdinaryIncomeUSD | — | — | 35,455,000Source | 54,392,000Source | 25,536,000Source | 35,455,000Source | 28,105,000Source | 35,637,000Source | 141,585,000Source | 139,623,000Source | 99,259,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 27,454,000Source | 26,716,000Source | -17,505,000Source | 18,115,000Source | -26,871,000Source | 30,330,000Source | 63,169,000Source | 98,819,000Source | 118,760,000Source | — |
| Operating ExpensesUSD | — | — | 47,553,000Source | 44,165,000Source | 35,519,000Source | 45,130,000Source | 37,620,000Source | 45,222,000Source | 180,357,000Source | 169,255,000Source | 162,103,000Source | 117,784,000Source |
| Payments of Financing CostsUSD | — | — | — | — | — | — | 240,000Source | 33,000Source | 5,105,000Source | 8,883,000Source | 10,896,000Source | 333,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | 2,680,207,000Source | 2,680,207,000Source | 0Source | 0Source |
| Realized Investment Gains (Losses)USD | — | — | — | — | — | — | -9,367,000Source | 3,400,000Source | -45,877,000Source | — | — | -67,367,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | — | — | — | -28,000Source | -33,000Source | 799,000Source | 24,000Source | -9,000Source | — | — | — |
| Unrealized Gain (Loss) on InvestmentsUSD | — | — | — | — | — | — | — | — | — | — | — | 53,771,000Source |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | — | — | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 27,454,000Source | 26,716,000Source | -17,505,000Source | 18,115,000Source | -26,871,000Source | 30,330,000Source | 63,169,000Source | 98,819,000Source | 118,760,000Source | — |
| Earnings Per Share, BasicUSD per share | — | — | 0.29Source | 0.31Source | -0.21Source | 0.19Source | -0.3Source | 0.32Source | 0.68Source | 1.27Source | 1.82Source | 1.28Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 93,303,622Source | 87,268,679Source | 82,545,053Source | 93,303,622Source | 91,053,511Source | 93,677,003Source | 93,257,555Source | 77,957,924Source | 65,330,350Source | 64,516,533Source |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | — | -160,000Source | -40,000Source | -373,000Source | 277,000Source | -3,952,000Source | -313,000Source | -233,000Source | -592,000Source | 69,000Source | -5,586,000Source |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 104,198,000Source | 55,020,000Source |
| InterestExpenseOperatingUSD | — | — | 33,038,000Source | 31,854,000Source | 27,074,000Source | 32,581,000Source | 28,479,000Source | 30,464,000Source | 127,076,000Source | 115,961,000Source | — | — |
| InterestIncomeOperatingPaidInKindUSD | — | — | 4,192,000Source | 2,974,000Source | 4,247,000Source | 5,173,000Source | 3,373,000Source | 3,521,000Source | 17,898,000Source | 12,151,000Source | 3,006,000Source | — |
| Management Fee ExpenseUSD | — | — | 6,069,000Source | 4,428,000Source | 5,132,000Source | 6,079,000Source | 5,641,000Source | 6,061,000Source | 24,243,000Source | 19,450,000Source | 17,369,000Source | 36,142,000Source |
| Net Investment IncomeUSD | — | — | 35,307,000Source | 38,135,000Source | 32,769,000Source | 36,397,000Source | 34,269,000Source | 34,282,000Source | 141,995,000Source | 133,296,000Source | 115,999,000Source | 95,961,000Source |
| Operating ExpensesUSD | — | — | 47,553,000Source | 44,165,000Source | 35,519,000Source | 45,130,000Source | 37,620,000Source | 45,222,000Source | 180,357,000Source | 169,255,000Source | 162,103,000Source | 117,784,000Source |
| Other General and Administrative ExpenseUSD | — | — | 1,599,000Source | 2,246,000Source | 2,120,000Source | 1,611,000Source | 2,059,000Source | 1,248,000Source | 6,263,000Source | 8,176,000Source | 10,131,000Source | 9,106,000Source |
| Realized Investment Gains (Losses)USD | — | — | — | — | — | — | -9,367,000Source | 3,400,000Source | -45,877,000Source | — | — | -67,367,000Source |
Filing attachments
d115048dex991.htm · 8-K · 2026-10-27
Exhibit 99.1 Ares Capital Corporation Agrees to Acquire MidCap Financial Investment Corporation Transaction Expected to Be Accretive to Ares Capital’s Core Earnings and Support Future Dividends Enhances Scale, Diversification and Market Presence to Further Strengthen Ares Capital’s Position as the Largest Publicly Traded BDC and Ares Management’s Leading U.S. Direct Lending Platform Purchase Price Represents a 30.1% Premium to MFIC’s Last Closing Price and a 25.8% Premium to MFIC’s 30-Day VW…
Read attachment ↗d120983dex991.htm · 8-K · 2026-08-06
EX-99.1 2 d120983dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 MidCap Financial Investment Corporation Reports Financial Results for the Quarter Ended June 30, 2026 Results for the Quarter Ended June 30, 2026, and Other Recent Highlights: Net investment income per share for the quarter was $0.40, compared to $0.38 for the quarter ended March 31, 2026 Net asset value (“NAV”) per share as of the end of the quarter was $13.37, compared to $13.82 as of March 31, 2026, representing a 3.2%…
Read attachment ↗d33058dex991.htm · 8-K · 2026-05-06
EX-99.1 2 d33058dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 MidCap Financial Investment Corporation Reports Financial Results for the Quarter Ended March 31, 2026 Results for the Quarter Ended March 31, 2026, and Other Recent Highlights: Net investment income per share for the quarter was $0.38, compared to $0.39 for the quarter ended December 31, 2025 Net asset value (“NAV”) per share as of the end of the quarter was $13.82, compared to $14.18 as of December 31, 2025, representing…
Read attachment ↗d24302dex991.htm · 8-K · 2026-02-26
EX-99.1 2 d24302dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 MidCap Financial Investment Corporation Reports Financial Results for the Quarter and Fiscal Year Ended December 31, 2025 Board Authorized New $100 Million Stock Repurchase Plan Results for the Quarter and Fiscal Year Ended December 31, 2025, and Other Recent Highlights: Net investment income per share for the quarter was $0.39, compared to $0.38 for the quarter ended September 30, 2025 Net asset value (“NAV”) per share as …
Read attachment ↗d46238dex991.htm · 8-K · 2025-11-06
EX-99.1 2 d46238dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 MidCap Financial Investment Corporation Reports Financial Results for the Quarter Ended September 30, 2025 Results for the Quarter Ended September 30, 2025 and Other Recent Highlights: Net investment income per share for the quarter was $0.38, compared to $0.39 for the quarter ended June 30, 2025 Net asset value per share as of the end of the quarter was $14.66, compared to $14.75 as of June 30, 2025, a decrease of 0.6% …
Read attachment ↗d66561dex991.htm · 8-K · 2025-10-02
EX-99.1 3 d66561dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 MidCap Financial Investment Corporation Amends and Extends Its Senior Secured Revolving Credit Facility New York, NY - October 2, 2025 - MidCap Financial Investment Corporation (NASDAQ: MFIC) (the “Company”) announced today that it has amended and extended its senior secured, multi-currency, revolving credit facility (the “Facility”). Lender commitments under the Facility total $1.610 billion, a decrease of $50 million. The final ma…
Read attachment ↗