MidCap Financial Closes Senior Secured Credit Facility to Beach House Group

BETHESDA, MD, August 23, 2022 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a senior secured credit facility, comprising an asset-based revolving line of credit to Beach House Group. 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. Cafferty & Company served as independent advisor to the borrower on the transaction.

About the Company

Beach House Group, a disruptive force of innovation in the beauty and lifestyle space, is a global consumer product house focused on building category changing brands that meet the needs of today's consumers. The Company, co-founded by PJ Brice and Shaun Neff, explores white space in the marketplace and conceptualizes brands that specifically fill those gaps. Beach House Group is the force behind celebrity-infused, breakthrough brands including BÉIS with Shay Mitchell, MOON with Kendall Jenner and Odell Beckham, Jr., Pattern by Tracee Ellis Ross, and Marlowe.

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