MidCap Financial Closes $30mm Senior Secured Credit Facility to H-D Advanced Manufacturing Company

BETHESDA, MD, June 15, 2022 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $30mm senior secured credit facility, comprising an asset-based revolving line of credit to H-D Advanced Manufacturing Company (“H-DAM” or “Company”). Proceeds from the MidCap credit facility will be used to refinance the Company’s prior credit facility and to provide for the business’ ongoing working capital needs.

About the Company

Founded in 2012 and headquartered in Houston, TX, H-DAM is focused on precision manufacturing and machining for heavy industries including oil & gas and aero & defense. The Company consists of 5 divisions: Overton Chicago Gear, Engineered Solutions Group, Precision Aero, Crown Precision, and Sungear.

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 2021, MidCap Financial provides administrative or other services for over $39.6 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 $497.6 billion as of December 31, 2021 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.

Contact:                           

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