Earnings summaries and quarterly performance for MidCap Financial Investment.
Executive leadership at MidCap Financial Investment.
Tanner Powell
Detailed
Chief Executive Officer
CEO
HT
Howard T. Widra
Detailed
Executive Chairman
JD
Joseph Durkin
Detailed
Chief Accounting Officer
KS
Kenneth Seifert
Detailed
Chief Financial Officer and Treasurer
KH
Kristin Hester
Detailed
Chief Legal Officer, Vice President and Secretary
RD
Ryan Del Giudice
Detailed
Vice President and Chief Compliance Officer
TM
Ted McNulty
Detailed
President and Chief Investment Officer
Board of directors at MidCap Financial Investment.
Research analysts who have asked questions during MidCap Financial Investment earnings calls.
KL
Kenneth Lee
RBC Capital Markets
4 questions for MFIC
Also covers: AAMI, AMP, APAM +17 more
Paul Johnson
Keefe, Bruyette & Woods
4 questions for MFIC
Also covers: ARCC, BCSF, BXSL +22 more
MH
Mark Hughes
Truist Securities
3 questions for MFIC
Also covers: AIZ, AJG, AMBC +41 more
MW
Melissa Wedel
JPMorgan Chase & Co.
3 questions for MFIC
Also covers: ARCC, BXSL, CGBD +12 more
Arren Cyganovich
Truist
2 questions for MFIC
Also covers: ARCC, BPOP, BXSL +10 more
Finian O'Shea
Wells Fargo Securities
2 questions for MFIC
Also covers: ARCC, BBDC, BCSF +18 more
Matthew Hurwit
Jefferies
2 questions for MFIC
Also covers: CSWC, GAIN, OCSL +1 more
CA
Casey Alexander
Compass Point Research & Trading, LLC
1 question for MFIC
Also covers: ARCC, BBDC, BXSL +14 more
CC
Chris Castellou
CJS Securities
1 question for MFIC
Heli Sheth
Raymond James
1 question for MFIC
Also covers: BBDC, BXSL, GBDC +4 more
MW
Melissa Waddell
JPMorgan Chase & Co.
1 question for MFIC
Also covers: OCSL, PNNT
RD
Robert Dodd
Raymond James
1 question for MFIC
Also covers: , ARCC, BBDC +24 more
SA
Sean-Paul Adams
Not Provided in Transcript
1 question for MFIC
Also covers: , ARCC, BXSL +17 more
Recent press releases and 8-K filings for MFIC.
MFIC Reports Q3 2025 Results, Declares Dividend, and Updates on Portfolio and Financing
MFIC
Earnings
Dividends
Debt Issuance
- MidCap Financial Investment Corporation (MFIC) reported Net Investment Income (NII) per share of $0.38 and GAAP net income per share of $0.29 for the third quarter ended September 30, 2025, with NAV per share at $14.66.
- The company received a significant $97 million repayment from its aircraft leasing portfolio company, Merck, during the quarter, reducing Merck's representation to 3.3% of the total portfolio at fair value.
- MFIC declared a quarterly dividend of $0.38 per share for stockholders of record as of December 9, 2025, payable on December 23, 2025, and is actively working on initiatives to offset the impact of potential future base rate declines on net investment income.
- Investments on non-accrual status increased to 3.1% of the portfolio at fair value at the end of September, up from 2% in the prior quarter, primarily due to company-specific issues.
- Post-quarter end, MFIC amended its revolving credit facility, reducing the funded spread by 10 basis points, and upsized and repriced its MFIC Bethesda One CLL, which is expected to reduce financing costs despite a $3.3 million one-time expense in the December quarter.
Nov 7, 2025, 1:30 PM
MFIC Announces Q3 2025 Results
MFIC
Earnings
Dividends
New Projects/Investments
- MFIC reported net investment income of $0.38 per share for the quarter ended September 30, 2025.
- The company's net asset value per share was $14.66 as of September 30, 2025.
- Net leverage stood at 1.35x as of September 30, 2025.
- The Board of Directors declared a dividend of $0.38 per share on November 4, 2025, payable on December 23, 2025.
- New investment commitments made during the quarter totaled $138 million across 21 companies.
Nov 7, 2025, 1:30 PM
MFIC Reports Q3 2025 Results, Declares Dividend, and Details Capital Structure Enhancements
MFIC
Earnings
Dividends
Debt Issuance
- MidCap Financial Investment Corporation (MFIC) reported net investment income (NII) per share of $0.38 and GAAP net income per share of $0.29 for Q3 2025, corresponding to an annualized return on equity (ROE) of 10.3% based on NII.
- The company received a $97 million repayment from its investment in Merck, an aircraft leasing portfolio company, which also resulted in a $16.6 million gain and reduced Merck's representation in the portfolio to 3.3% at fair value.
- MFIC declared a quarterly dividend of $0.38 per share for Q3 2025, and management is actively pursuing initiatives, including capital structure enhancements and resolving non-accrual assets, to mitigate the impact of potential future declines in base rates.
- Investments on non-accrual status increased to 3.1% of the portfolio at fair value, up from 2% in the prior quarter, primarily due to company-specific issues.
- MFIC enhanced its capital structure by amending its revolving credit facility to extend its final maturity to October 2030 and upsizing and repricing a CLO from $400 million to $600 million, which is expected to reduce financing costs.
Nov 7, 2025, 1:30 PM
MidCap Financial Investment Corporation Reports Q3 2025 Results and Capital Structure Enhancements
MFIC
Earnings
Dividends
Debt Issuance
- MidCap Financial Investment Corporation reported net investment income per share of $0.38 for the quarter ended September 30, 2025, compared to $0.39 for the prior quarter, with its net asset value per share at $14.66 as of September 30, 2025.
- The company declared a dividend of $0.38 per share payable on December 23, 2025.
- During the quarter, the company received a net repayment of approximately $97 million from Merx Aviation Finance, LLC, reducing its exposure to approximately 3.3% of the total portfolio at fair value as of September 30, 2025.
- Subsequent to the quarter end, the company amended and extended its senior secured revolving credit facility, reducing the applicable margin by 10 basis points, and upsized and extended the maturity of MFIC Bethesda CLO 1, reducing its senior AAA coupon by 91 basis points.
- The company's net leverage was 1.35x as of September 30, 2025.
Nov 6, 2025, 9:40 PM
MidCap Financial Investment Corporation Completes $492 Million Debt Securitization
MFIC
Debt Issuance
Refinancing
- MidCap Financial Investment Corporation completed a $492,000,000 term debt securitization on October 23, 2025, through its indirect, wholly-owned subsidiary MFIC Bethesda CLO 1 LLC.
- This securitization was undertaken to redeem all outstanding secured notes that were issued by MFIC Bethesda CLO 1 LLC under an original indenture dated November 2, 2023.
- The new notes issued include $348,000,000 of Class A-1-R, $24,000,000 of Class A-2-R, $36,000,000 of Class B-R, $48,000,000 of Class C-R, and $36,000,000 of Class D-R Senior Secured Floating Rate Notes, all due in 2037.
- These notes bear interest at the three-month secured overnight financing rate (SOFR) plus rates ranging from 1.49% to 3.30%.
Oct 28, 2025, 8:17 PM
MidCap Financial Investment Corporation Amends and Extends Credit Facility
MFIC
Debt Issuance
- MidCap Financial Investment Corporation (MFIC) amended and extended its senior secured, multi-currency, revolving credit facility on October 1, 2025.
- Lender commitments under the Facility were reduced by $50 million, bringing the total to $1.610 billion.
- The final maturity date of the Facility was extended from October 17, 2029, to October 1, 2030.
- The applicable margin was reduced by 10 basis points to 177.5 basis points, and the commitment fee was reduced by 5 basis points to 32.5 basis points.
Oct 2, 2025, 8:22 PM
Quarterly earnings call transcripts for MidCap Financial Investment.
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