Press Releases
Monroe Capital Announces Strong First Quarter – Demand for Unitranche Financing Increases
Chicago, IL, May 1, 2012
Monroe Capital LLC today announced that its first quarter was characterized by strong growth and expansion in its lending portfolio. While traditional banks continued to tighten their lending activity amid volatile public markets, Monroe Capital remained fully committed to fulfilling the growth capital needs of lower middle market and mid-sized U.S. and Canadian companies.
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. Its notable deal highlights in the quarter included a $21 million financing for Benton-Georgia LLC, $25.5 million for Thermal Solutions Manufacturing, $37.1 million for LAI International and $43.25 million for the acquisition of R. Cushman & Associates Inc. by Fabco Automotive Corporation Partners, a portfolio company of Wynnchurch Capital.
“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 continues to provide attractively-priced financing options that support the growth objectives and job creation efforts of America’s small and mid-sized businesses.”
About Monroe Capital
Monroe Capital is a private investment firm providing senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings, bridge loans, acquisition facilities, mezzanine debt, second lien or last-out loans, equity co-investments and acquisitions of distressed debt. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly. Monroe is committed to being a value-added and user-friendly partner to owners, senior management and private equity sponsors. To learn more about Monroe Capital, visit www.monroecap.com.