Chicago, Sept. 25 – MidCap Financial Investment Corp. priced $402.36 million of notes in a collateralized loan obligation being issued by MFIC Bethesda CLO 1 LLC, according to a presale report.
The notes will mature on Oct. 23, 2035.
The CLO consists of $232 million of class A-1 senior secured floating-rate notes at SOFR plus 235 basis points, $16 million of class A-2 senior secured floating-rate notes at SOFR plus 310 bps and $154.36 million of subordinated notes.
MidCap Financial Investment Corp. will manage the collateral through the end of the reinvestment period on Oct. 23, 2027.
Collateral for the notes consists of senior secured loans, cash and eligible investments.
The notes can be called starting Oct. 23, 2025.
Deutsche Bank Securities Inc. was the placement agent.
The Bethesda, Md.-based firm is managed by Apollo Capital Management, LP, a subsidiary of Apollo Global Management LLC.
| Issuer: | MFIC Bethesda CLO 1 LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $402.36 million
|
| Maturity: | Oct. 23, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Deutsche Bank Securities Inc.
|
| Manager: | MidCap Financial Investment Corp.
|
| Call feature: | Oct. 23, 2025
|
| Pricing date: | Sept. 20
|
| Settlement date: | Nov. 2
|
|
|
| Class A-1 notes
|
| Amount: | $232 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 235 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $16 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 310 bps
|
| Rating: | S&P: AAA
|
|
|
| Subordinated notes
|
| Amount: | $154.36 million
|
| Securities: | Subordinated notes
|
|
|
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