MidCap Financial Closes $20 Million Senior Secured Credit Facility to Wizeline
June 24, 2024
Source: MidCap Financial
BETHESDA, MD, June 25, 2024 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $20.0mm senior secured credit facility to Wizeline, Inc. (“Wizeline” or “Company”). Proceeds from the credit facility will support Wizeline’s growth and ongoing working capital needs.
About Wizeline
Wizeline, a global AI-centric technology solutions provider, specializes in developing cutting-edge digital products and platforms that leverage the power of artificial intelligence. In collaboration with their customers, ‘Wizeline revolutionizes businesses by harnessing data and AI to accelerate time to market and drive transformative outcomes. Their agile and adaptive teams bring a unique blend of AI expertise, advanced methodologies, and innovative solutions to deliver exceptional results while fostering a culture of continuous learning and innovation alongside their customers’ teams. For more information, visit https://www.wizeline.com.
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, 2024, MidCap Financial provides administrative or other services for over $50 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 $671 billion as of March 31, 2024, in credit, private equity and real assets funds.
For more information about MidCap Financial, please visit http://www.midcapfinancial.com.
For more information about Apollo, please visit http://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, Product Head – ABL
301-841-6439