MidCap Financial Provides a $250 Million Senior Secured Revolving Credit Facility to Vericast Corp.

MidCap Financial today announced it has provided a $250 million senior revolving credit facility to Vericast Corp. (“Vericast”), a marketing solutions provider that directly influences consumer purchasing and transaction behavior at scale. The MidCap Financial credit facility refinanced the company’s prior credit facility and will provide for the company’s go-forward working capital needs.

About the Company

Incorporated in 2005 and headquartered in San Antonio, Texas, Vericast (https://vericast.com/) is a leading marketing solutions company, delivering actionable insights and expertise through its Valassis and Harland Clarke omnichannel solutions, to help more than 70,000 businesses engage with their customers.  Every day, Vericast influences purchasing and transaction behavior of more than 120 million households – impacting where they eat, shop, buy, save and borrow.

About MidCap Financial             

MidCap Financial is a middle market-focused, specialty finance firm that provides senior debt solutions to businesses across all industries throughout North America and Europe. The firm's years of experience, strong balance sheet, and flexibility make it a lender of choice for companies across all stages of growth and complexity. MidCap Financial's debt solutions focus in six areas:

•            Asset Based Lending - asset-based revolving loans and term loans collateralized by accounts receivable, inventory and other tangible and intangible assets;

•            Leverage Lending - leverage based loans to companies backed by private equity sponsors;

•            Life Sciences & Technology Lending - loans to VC-backed and public pharmaceutical, biotech and medical device, diagnostics, healthcare IT, enterprise software and hardware companies;

•            Real Estate Lending - loans to developers and operators of commercial, residential and healthcare real estate;

•            Lender Finance - term loans and revolving credit facilities to consumer and commercial finance lenders;

•            Franchise Finance - loans to franchisees operating in the quick service restaurant and other industries.

MidCap Financial refers to MidCap FinCo Designated Activity Company, a designated activity company limited by shares incorporated under the laws of Ireland, and its subsidiaries, including MidCap Financial Trust. MidCap Financial is managed by Apollo Capital Management, L.P., a subsidiary of Apollo Global Management, Inc. MidCap Financial Services, LLC provides sourcing, due diligence, and portfolio management services to MidCap Financial. Loans made or arranged pursuant to a California Finance Lenders Law license.

Additional information about MidCap Financial can be found at www.midcapfinancial.com

Contact:

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