MidCap Financial Investment Corp (MFIC) Form 8-K — Oct 27, 2026
MidCap Financial Investment Corp has agreed to be acquired by Ares Capital Corporation in a two-step merger, with MFIC shareholders receiving $10.88 per fully diluted share — approximately $1.21 in cash plus roughly $9.67 in ARCC stock. The deal, signed October 26, 2026, is expected to close in the first half of 2027, subject to MFIC stockholder approval, an effective Form N-14 registration statement, HSR clearance, and third-party consents. The exchange ratio for the stock portion floats off ARCC's NAV and trading price, and will be reduced by any post-signing tax dividends MFIC declares to maintain RIC status.
Key figures
- Deal Value Usd
- $10.88 per fully diluted share
- Shares Outstanding
- 82372628
- Expected close
- first half of 2027
- Termination fee
- 31360000
- Quarterly dividend cap
- $0.31 per share
- Arcc shares outstanding
- 722194973
- Voting agreement stake pct
- 5.2
- Cash consideration per share
- 1.21
- Stock consideration per share
- 9.67
AI analysis
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