MidCap Financial Closes Senior Revolving Credit Facility to Shimmick

BETHESDA, MD, April 24, 2023 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a senior revolving credit facility to SCCI National Holdings, Inc. (“Shimmick” or “Company”). Proceeds from the MidCap credit facility will provide for the business’ ongoing working capital needs.

About the Company

Shimmick is a market leader in heavy civil infrastructure, focusing on water, transportation, and transit projects. Shimmick leverages its deep construction history and experience across many markets to provide diversified construction experience, passion, and expertise to clients and partners. Over the past two decades, Shimmick has delivered projects in more than 20 states from coast to coast, with more than 2,700 employees. Shimmick continues to be a top ranking contractor in the industry.

About MidCap Financial              

MidCap Financial is a middle-market focused, specialty finance firm that provides senior debt solutions to companies across all industries. As of December 31, 2022, MidCap Financial provides administrative or other services for over $45 billion of commitments*. MidCap Financial is managed by Apollo Capital Management, L.P., a subsidiary of Apollo Global Management, Inc, pursuant to an investment management agreement. Apollo had assets under management of approximately $548 billion as of December 31, 2022, in credit, private equity and real assets funds.

For more information about MidCap Financial, please visit http://www.midcapfinancial.com.

For more information about Apollo, please visit http://www.apollo.com.

*Including commitments managed by MidCap Financial Services Capital Management LLC, a registered investment adviser, as reported under Item 5.F on Part 1 of its Form ADV

Contact:

MidCap Financial Services, LLC
Garrett Fletcher, Product Head – ABL 301-841-6439
gfletcher@midcapfinancial.com