After completing its initial public offering last month, Monroe Capital has now increased the loan commitments on its syndicated credit facility led by ING Capital by $30 million to $55 million and four new lenders have joined the facility.
“We are very pleased that we could upsize our credit facility so quickly after our initial public offering. We look forward to continuing to create value for our shareholders,” said Theodore Koenig, President and Chief Executive Officer.
Monroe Capital completed its initial public offering of 5,000,000 shares of its common stock at a public offering price of $15 per share, raising approximately $75 million in gross proceeds. Robert W. Baird & Co., William Blair & Company, and Janney Montgomery Scott served as joint book-running managers for the initial public offering. BB&T Capital Markets and Stephens Inc. served as co-lead managers, and Ladenburg Thalmann & Co. and Wunderlich Securities served as co-managers for the initial public offering.
Monroe Capital is a specialty finance company providing senior and junior debt to middle-market companies. The firm 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. Monroe Capital is based in Chicago (www.monroecap.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 11-12-12
