MidCap Financial Provides a $50 Million Senior Secured Revolving Credit Facility to Transfix, Inc.

MidCap Financial today announced it has provided a $50 million senior revolving credit facility to Transfix, Inc. (“Transfix”), a technology-driven digital freight marketplace. The MidCap Financial credit facility refinanced the company’s prior credit facility and will provide for the company’s go-forward working capital needs.

About the Company

Founded in 2013 and headquartered in New York, NY, Transfix (https://transfix.io/) is a rapidly growing digital freight marketplace acting as a broker between carriers and shippers, as well as a provider of complementary SaaS and service offerings.

About MidCap Financial             

MidCap Financial is a middle market-focused, specialty finance firm that provides senior debt solutions to businesses across all industries throughout North America. The firm's years of experience, strong balance sheet, and flexibility make it a lender of choice for companies across all stages of growth and complexity. MidCap Financial’s debt solutions focus in six areas:

•  Asset Based Lending - asset-based revolving loans and term loans collateralized by accounts receivable, inventory and other tangible and intangible assets;

•  Leverage Lending - leverage based loans to companies backed by private equity sponsors across all industries including healthcare, technology, and business services;

•  Life Sciences & Technology Lending - loans to VC-backed and public pharmaceutical, biotech and medical device, diagnostics, healthcare IT, enterprise software and hardware companies;

•  Real Estate Lending - loans to developers and operators of commercial, residential, and healthcare real estate;

•  Lender Finance - term loans and revolving credit facilities to consumer and commercial finance lenders;

•  Franchise Finance - loans to franchisees operating in the quick service restaurant and other industries.

MidCap Financial refers to MidCap FinCo Designated Activity Company, a designated activity company limited by shares incorporated under the laws of Ireland, and its applicable subsidiaries.  MidCap Financial is managed by Apollo Capital Management, L.P., a subsidiary of Apollo Global Management, Inc. MidCap Financial Services, LLC provides sourcing, due diligence, and portfolio management services to MidCap Financial. Loans made or arranged pursuant to a California Finance Lenders Law license.

Additional information about MidCap Financial can be found at www.midcapfinancial.com.

Contact:

MidCap Financial Services, LLC
Garrett Fletcher, Product Head – ABL
301-841-6439
gfletcher@midcapfinancial.com