Monroe Capital Supports MFG Chemical’s Acquisition of Gulf Bayport Chemicals LP

04/18/18

Chicago, IL – Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support MFG Chemical, LLC’s (“MFG”) acquisition of Gulf Bayport Chemicals LP (“GBC”). MFG is an existing portfolio company of Platte River Equity.

Based in Dalton, Georgia, MFG is a specialty chemical manufacturer of polymers, surfactants and esters used in various applications in the oil field, water treatment, mining, coatings, agricultural and other industrial markets. GBC is a manufacturer of maleic anhydride derivatives and provides a variety of contract manufacturing, warehouse and transportation services for a range of industrial end markets. The addition of GBC brings a world-class chemical facility in an ideal location in the Houston ship channel area. The site benefits from direct rail access and has an extensive utility infrastructure, providing MFG the opportunity to significantly expand its manufacturing capacity.

About Monroe Capital
Monroe Capital LLC (“Monroe”) is a private credit asset management firm specializing in direct lending and opportunistic private credit investing. Since 2004, the firm has provided private credit solutions to borrowers in the U.S. and Canada. Monroe’s middle market lending platform provides senior and junior debt financing to businesses, special situation borrowers, and private equity sponsors. Investment types include unitranche financings; cash flow, asset based and enterprise value based loans; and equity co-investments. Monroe is committed to being a value-added and user-friendly partner to business owners, senior management, and private equity and independent sponsors. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Dallas, Los Angeles, New York, and San Francisco. Monroe has been recognized by Private Debt Investor as the 2017 Lower Mid-Market Lender of the Year; Global MA Network as the 2017 Small Middle Markets Lender of the Year; MA Advisor as the 2016 Lender Firm of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. For more information, please visit monroecap.com.