Press Releases

Monroe Capital LLC Funds $7 Million to Brook Furniture Rental, Inc.

Chicago, IL, May 23, 2005

Theodore L. Koenig, President and Chief Executive Officer of Monroe Capital LLC, announced the funding of a $7 million junior term loan to Brook Furniture Rental, Inc. Monroe Capital’s term loan, in conjunction with a senior credit facility from GE Capital, was used to assist Brook in refinancing their debt and provide ongoing working capital. Brook is the third largest company in the domestic rent-to-rent segment of the furniture rental industry. Based in Lake Forest, IL, Brook’s primary business is in the intermediate-term rental of high quality furniture to the residential and commercial sectors in major metropolitan areas including Northern California, Southern California, Chicago, Washington D.C., Atlanta, Dallas, and Las Vegas.

Mr. Koenig said, “We are very pleased that we were able to fund this transaction. The facility should allow Brook to continue to pursue its growth plan and business strategy.”

Robert W. Crawford, Jr., Chairman and CEO of Brook, said, “The people at Monroe Capital took the time to understand our business model and capital structure needs. Their junior debt facility allowed us to refinance in the most efficient manner for our shareholders. We are very appreciative of their efforts.” James E. Harney, President of Harney Partners LLC and investment banker for Brook, said, “This is the second transaction I closed with the group at Monroe. Once again, they lived up to their proposal and closed this deal timely.”

Monroe Capital is a specialty finance company devoted to providing innovative capital to middle-market businesses. Monroe Capital specializes in originating, structuring and providing customized financing to corporate, real estate, media and communication, and asset-based borrowers based in the U.S. and Canada in amounts of $3 million to $40 million, with an ability to agent and syndicate larger transactions. These investments include senior and junior secured debt as well as bridge loans to companies in need of immediate access to capital in order to take advantage of investment opportunities; flexible acquisition facilities for acquirers of opportunistic assets; mezzanine or last-out second loans that stretch a company’s debt capacity; acquisitions of distressed debt; and equity co-investments. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly. To learn more about Monroe Capital, visit