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Ares Capital to acquire MidCap Financial for $2.6B in cash and stock; MFICL rallies 15%

🇺🇸 United States · Economy · 8 h ago
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27.10 06:17 UTC
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Confirmed facts

Each fact is a sentence from a source that at least two independent outlets report.

Importantly, Apollo will continue to invest in and grow our middle-market direct lending franchise, including through the MidCap Financial platform.
Independent sources: 2 · FX News Group, Capital Brief
Wells Fargo has also agreed, subject to customary conditions, to provide $750 million of additional secured financing that can be used to support the Transaction.
Independent sources: 2 · FX News Group, RTTNews
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