Business Context and Reporting Period
This Form 8-K was filed by Apollo Investment Corporation (not Midcap Financial Investment Corp) on May 31, 2019. The report details 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. It focuses exclusively on debt facility capacity:
- Previous Credit Commitment: $1,640,000,000
- Commitment Increase: $70,000,000
- New Total Commitment: $1,710,000,000
- Maximum Potential Capacity: $2,385,000,000 (via accordion provisions)
- New Lender Added: Santander Bank, N.A.
Material Changes
On May 31, 2019, the Company amended its Senior Secured Agreement dated November 19, 2018. The material changes include:
- Utilization of accordion provisions to increase total commitments by $70 million.
- Addition of Santander Bank, N.A. as a new lender under the facility.
- No other terms or conditions of the agreement were amended.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of risks and contingencies. The document strictly reports the execution of the credit agreement amendment. The information is furnished and not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Verify the registrant name is Apollo Investment Corporation (Ticker: AINV), not Midcap Financial Investment Corp.
- Confirm the total available revolving credit facility is now $1.71 billion.
- Note the remaining capacity under the accordion provision allows for up to $2.385 billion in total commitments.
- Check subsequent filings for actual drawdowns against the increased facility.