Business Context and Reporting Period
This Form 8-K filing by Apollo Investment Corporation (AINV) reports a corporate event occurring on August 4, 2022. The registrant is a Maryland corporation listed on the NASDAQ Global Select Market. Note: While the request metadata references "Midcap Financial Investment Corp," the filing text explicitly identifies the registrant as Apollo Investment Corporation.
Key Financial Metrics
The filing details a specific equity transaction rather than providing comprehensive financial statements for a reporting period.
- Transaction Type: Private placement of common stock.
- Shares Issued: 1,932,641 shares.
- Purchase Price: $15.5228 per share.
- Valuation Basis: Net Asset Value (NAV) per share as of June 30, 2022.
- Buyer: MFIC Holdings, LP, a subsidiary of MidCap FinCo Designated Activity Company.
The filing text does not provide clear values for total revenue, profit, cash flow, operating margins, total debt, or liquidity ratios for the period.
Material Changes
The primary material change is the increase in outstanding common stock and the infusion of capital resulting from the sale of 1,932,641 shares to an affiliate of the Company's investment adviser. This transaction was previously announced and completed on the filing date.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of specific risks and contingencies beyond the disclosure of the completed transaction. No unusual items were reported in this specific filing.
Investor Verification Checklist
- Verify the updated share count and capital structure following the issuance of 1,932,641 shares.
- Confirm the relationship between Apollo Investment Corporation and MidCap FinCo Designated Activity Company to assess related-party transaction implications.
- Review the June 30, 2022, Net Asset Value (NAV) calculation to validate the $15.5228 per share pricing.
- Check subsequent filings for the impact of this capital raise on the company's investment portfolio and leverage ratios.