Business Context and Reporting Period
This Form 8-K was filed by Apollo Investment Corporation (not Midcap Financial Investment Corp) on March 13, 2020. The report discloses a specific corporate event regarding the amendment of the company's senior secured revolving credit agreement.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, or liquidity metrics. The only financial data disclosed relates to debt capacity:
- Previous Credit Commitment: $1,710,000,000
- Commitment Increase: $100,000,000
- New Total Commitment: $1,810,000,000
- Maximum Potential Capacity: $2,385,000,000 (via accordion provisions)
Material Changes
The material change reported is the execution of an amendment to the Senior Secured Agreement dated November 19, 2018. This amendment utilized the agreement's accordion provisions to increase total commitments by $100 million. No other terms or conditions of the agreement were amended.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors beyond the standard disclosure that the information is furnished and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934. There are no unusual items or contingencies disclosed in this report.
Investor Verification Checklist
- Verify the registrant name is Apollo Investment Corporation (AINV), not Midcap Financial Investment Corp.
- Confirm the new total revolving credit facility commitment is $1.81 billion.
- Note that the facility can be expanded further up to $2.385 billion under existing terms.
- Check subsequent filings for actual drawdowns against this increased capacity.