MidCap Financial Provides Senior Secured Credit Facility to Sunshine Behavioral Health
September 16, 2024
Source: MidCap Financial
BETHESDA, MD, September 16, 2024 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a senior secured credit facility to Sunshine Behavioral Health Group LLC (“Sunshine” or “Company”). Proceeds from the credit facility will refinance existing debt and support Sunshine’s growth and ongoing working capital needs.
About Sunshine
Sunshine is a behavioral health company focused on substance use disorder treatment. Sunshine offers comprehensive treatment programs that extend from detoxification to inpatient residential treatment to intensive outpatient services with a focus on underlying mental health issues like generalized anxiety disorder (GAD) and post-traumatic stress syndrome (PTSD). Company operates six programs in five states (CA, CO, IL. TX, & WI). For more information, visit https://sunshinebehavioralhealth.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 June 30, 2024, MidCap Financial provides administrative or other services for approximately $51 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 $696 billion as of June 30, 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
gfletcher@midcapfinancial.com