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Cambridge Savings Bank Appoints Cal Navatto as Senior Vice President, Senior Asset-Based Lending Relationship Manager
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A new trend is reshaping asset-based lending (ABL): the bundling of fixed assets into the borrowing base at the same pricing as traditional working capital assets.
TSL Express Daily Headlines & News
June 3, 2025
Source: MidCap Financial
BETHESDA, MD, June 4, 2025 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $90.0mm senior secured credit facility to Everde Growers (“Everde” or the “Company”). Proceeds from the credit facility were used to finance the acquisition and exit from bankruptcy as well as provide ongoing working capital.
About the Company
Everde Growers is a leader within the horticulture industry with a true coast-to-coast footprint consisting of over 6,700 acres in production encompassing 15 farm locations throughout Texas, Florida, California, and Oregon. The Company’s superior growing methods and pruning practices ensure consistent high quality and availability. The inventory mix includes trees, shrubs, perennials, palms, grasses, succulents, tropicals, fruit, and many other items.
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 March 31, 2025, MidCap Financial provides administrative or other services for over $55 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 $785 billion as of March 31, 2025, in credit, private equity and real assets funds.
For more information about MidCap Financial, please visit www.midcapfinancial.com.
For more information about Apollo, please visit 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, President of Structured Finance
301-841-6439
gfletcher@midcapfinancial.com
The Secured Lender
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