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MidCap Financial Closes $36.35mm Senior Secured Credit Facility to Vulcan Metals
February 5, 2025
Source: MidCap Financial
BETHESDA, MD, February 6, 2025 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $36.35mm senior secured credit facility to Vulcan Metals Corporation (“Vulcan Metals” or the “Company”). Proceeds from the credit facility were used to finance TerraMar Capital’s acquisition of the Company and support ongoing working capital needs.
About the Company
Vulcan Metals, founded in 1872 and headquartered in Kansas City, MO, is a manufacturer of large, highly engineered castings for mission-critical applications in defense, rail & transit, and other specialized industrial markets. Vulcan Metals operates 3 foundries located in Tacoma, WA; Atchinson, KS; and London, ON. The Company has a broad suite of in-house capabilities, including design engineering to casting, machining, heat treatment, welding, assembly, and testing. Vulcan Metals has high levels of flexibility in both lead times and minimum quantities, as well as customization to meet various customer needs.
About TerraMar Capital
TerraMar Capital LLC is an investment platform headquartered in Los Angeles that provides debt and equity capital to middle-market businesses facing an inflection point. TerraMar offers customized capital solutions for complex situations where speed and certainty are often important considerations.
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, 2024, MidCap Financial provides administrative or other services for over $53 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 $751 billion as of December 31, 2024, 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
