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05.11.26 - 09:06
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Finance firms reportedly begin seeking investors for SpaceX′s US$40B chip financing (Digitimes)
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Goldman Sachs and Apollo Global Management have reportedly begun approaching potential investors about purchasing parts of a US$40 billion deal to finance SpaceX's leasing of Nvidia chips. The firms are seeking to complete the transaction quickly in the wake of Democratic victories in this week's midterm elections, which some worry could slow the growth of AI development....
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04.11.26 - 23:12
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KBRA Assigns Rating to MidCap Financial Issuer Trust′s $500 Million Senior Unsecured Notes due November 2029 (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA assigns a rating of A- to MidCap Financial Issuer Trust's $500 million 7.050% senior unsecured notes due November 15, 2029. The rating Outlook is Stable. MidCap Financial Issuer Trust is a wholly-owned subsidiary of MidCap FinCo Intermediate LLC ("the company" or "MidCap"), which serves as guarantor of the debt. The proceeds will be used to repay senior secured debt.
Headquartered in Bethesda, MD, the company is a limited liability company that has operated since 2008 and focuses on middle-market specialty finance, maintaining a highly diversified investment portfolio.
Key Credit Considerations
The rating reflects MidCap's strong strategic relationship with Apollo Global Management (NYSE: APO or "Apollo"), which provides access to an experienced and expansive platform with over $1 trillion of assets under management ("AUM"), including ~$850 billion of credit-related products AUM as of June 30, 2026. Apollo, Athene Holding Ltd, Apollo's insurance subs...
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03.11.26 - 13:30
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Apollo Global Management Posts Loss In Q3 (AFX)
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WASHINGTON (dpa-AFX) - Apollo Global Management, Inc. (APO) posted a third quarter GAAP net loss to stockholders of $1.1 billion or $1.78 per share, driven primarily by unrealized mark-to-market l......
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02.11.26 - 20:00
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KBRA Expects to Rate MidCap Financial Issuer Trust′s Senior Unsecured Notes A- (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA expects to rate MidCap Financial Issuer Trust's issuance of senior unsecured notes A-. The rating Outlook is Stable. MidCap Financial Issuer Trust is a wholly-owned subsidiary of MidCap FinCo Intermediate LLC ("the company" or "MidCap"), which serves as guarantor of the debt. The proceeds will be used to repay senior secured debt.
Headquartered in Bethesda, MD, the company is a limited liability company that has operated since 2008 and focuses on middle-market specialty finance, maintaining a highly diversified investment portfolio.
Key Credit Considerations
The rating reflects MidCap's strong strategic relationship with Apollo Global Management (NYSE: APO or "Apollo"), which provides access to an experienced and expansive platform with over $1 trillion of assets under management ("AUM"), including ~$850 billion of credit-related products AUM as of June 30, 2026. Apollo, Athene Holding Ltd, Apollo's insurance subsidiary, and other Apollo affiliates t...
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