Net Investment Income Growth
Net investment income per share was $0.38 for the September quarter, corresponding to an annualized return on equity of 10.3%.
Merx Repayment Boost
Merx, an aircraft leasing portfolio company, repaid approximately $97 million to MFIC, which partly offset a decline in NAV.
Strong Commitment Activity
MFIC made $138 million of new commitments across 21 transactions, benefiting from the strong incumbent position of MidCap Financial.
Debt Maturity Extension and Cost Reduction
MFIC extended its revolving credit facility maturity to October 2030 and reduced the funded spread by 10 basis points.
CLO Upsize and Repricing
MFIC upsized and repriced its CLO, increasing the size from $400 million to $600 million, resulting in a 19 basis point reduction in the weighted average spread on floating rate liabilities.