Monroe Capital has provided a unitranche credit facility to Forbes Media to refinance existing debt and provide growth capital for the company. “We are excited to have partnered with Forbes, one of the premier global brands and media companies. We look forward to working with the management team as they continue to execute their business plan,” said Thomas Aronson, Managing Director of Monroe Capital. Forbes Media is owned by the Forbes family and Elevation Partners.
Forbes Media is the publisher of Forbes magazine and forbes.com which provides news and information on business, investing, technology, entrepreneurship, leadership and affluent lifestyles. Forbes.com currently reaches 30 million monthly unique visitors, and Forbes magazine, Forbes Asia and Forbes Europe attract a global audience of more than 5 million readers. The company also publishes ForbesLife magazine, as well as 23 licensed international local-language editions around the world. The company is based in New York (www.forbes.com).
“Forbes Media has been successful in placing authoritative journalism at the center of the social media experience. Building on the positive momentum of our business, the company, the Forbes family and Elevation Partners are pleased to work with Monroe Capital to put a financing structure in place that allows us to carry forward our growth plans through 2012 and into the future,” said Mike Perlis, President and CEO of Forbes Media.
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).
