MidCap Financial provided a $50 million senior revolving credit facility to Transfix, Inc. (“Transfix”), a technology-driven digital freight marketplace. The MidCap Financial credit facility refinanced the company’s prior credit facility and will provide for the company’s go-forward working capital needs.
Founded in 2013 and headquartered in New York, NY, Transfix is a rapidly growing digital freight marketplace acting as a broker between carriers and shippers, as well as a provider of complementary SaaS and service offerings.