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MidCap Financial Closes $75 Million Senior Secured Credit Facility to Dixie Group
March 12, 2025
Source: MidCap Financial
BETHESDA, MD, March 13, 2025 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $75.0mm senior secured credit facility to Dixie Group, Inc. (“Dixie Group” or the “Company”). Proceeds from the credit facility were used to refinance the Company’s existing revolving credit facility and will be used to support ongoing working capital needs.
About the Company
Dixie Group’s business consists principally of marketing, manufacturing and selling floorcovering products to high-end customers through its various sales forces and brands. The Company focuses primarily on the upper end of the floorcovering market where Dixie Group believes it has strong brands and competitive advantages with its style and design capabilities and customer relationships. Dixie Group’s Fabrica, Masland, DH Floors and TRUCOR brands have a significant presence in the high-end residential floorcovering markets. Dixie International sells all of the Company’s brands outside of the North American market.
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
gfletcher@midcapfinancial.com
