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Chicago, IL, September 30, 2011 – Monroe Capital LLC today announced the funding of a $17 million unitranche facility to a West Coast based pet accessories company. Monroe Capital’s facility was used to finance the acquisition of the company by a middle-market private equity firm.
The company is a leading designer, importer and distributor of boutique-quality pet accessories marketed through the mass retail, specialty retail and grocery/drug channels. The company markets high quality, fashionable and functional pet lifestyle products to its customers.
Theodore L. Koenig, President and Chief Executive Officer of Monroe Capital, said, “We were able to provide a financing solution to meet both the seasonal and long-term needs of the business. Our unitranche facility enabled us to complete the financing in a very short time-frame and we now look forward to working together on the next stage of the company’s growth plan.”
A partner with the private equity sponsor stated, “Monroe Capital delivered for us on an expedited timeline with just three weeks from term sheet to funding. The one-stop solution provided by Monroe will enable us to execute on the next stage of our growth plans. We look forward to a long-term partnership with Monroe Capital.”
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.