May 1, 2012 – Monroe Capital reported today that the firm recorded strong performance in the first quarter led by growth and expansion in its lending portfolio. “Our robust first quarter performance demonstrates the strong interest that private equity sponsors and middle market companies have shown in our customized credit one-stop solutions as traditional bank loans and other sources of funding continue to be challenging to close,” said Ted Koenig, President and Chief Executive Officer of Monroe Capital.
Monroe Capital experienced strong demand for its range of senior debt, junior credit and unitranche financing products from leading private equity sponsors and business owners. Transactions completed in the first quarter included a $21 million financing for Benton-Georgia; $25.5 million for Thermal Solutions Manufacturing; $37.1 million for LAI International and $43.25 million for the acquisition of R. Cushman & Associates by Fabco Automotive Corporation Partners, a portfolio company of Wynnchurch Capital.
Monroe Capital stated that while traditional banks continued to tighten their lending activity amid volatile public markets, the firm remains fully committed to fulfilling the growth capital needs of lower middle market and mid-sized U.S. and Canadian companies.
Monroe Capital is a specialty finance company providing senior and junior debt to middle-market companies. Monroe Capital specializes in originating, structuring and providing one-stop financings. Investment types include senior and junior secured debt as well as bridge loans, acquisition facilities, mezzanine or last-out secured loans and equity co-investments. The firm is based in Chicago, IL (www.monroecap.com).