Monroe Capital Participates in New Credit Facility for MedPlast, Inc.

Chicago, IL – Monroe Capital LLC announced its participation as a co-lender with CIT Healthcare LLC, as agent, in a $39 million senior secured credit facility in connection with the acquisition of MedPlast, Inc. by Baird Capital Partners. MedPlast, Inc. will use the facility to provide financing for the acquisition and ongoing working capital.

Baird Capital Partners, a Chicago-based private equity firm, formed MedPlast, Inc. to acquire and combine ATP Engineered Rubber & Plastics Group and K&W Medical Specialties, Inc. MedPlast, Inc. is a fully integrated specialty manufacturer, primarily serving the medical device industry, of precision molded plastic and rubber components with tooling and molding expertise, clean room capabilities, integrated assemblies, and design capabilities.

Theodore L. Koenig, President & CEO of Monroe Capital, said, “We continue to provide financial solutions to quality companies and their sponsors in a strained credit market. We are excited to work with Baird Capital Partners, the management of MedPlast, Inc. and the rest of the deal team.”

Monroe Capital is a specialty finance company providing senior secured and junior secured debt to middle-market companies. Monroe Capital specializes in originating, structuring and providing customized one-stop financings to U.S. and Canadian borrowers. Monroe is committed to being a value-added and user-friendly partner to owners, senior management and transaction sponsors. Investment types include senior and junior secured debt as well as bridge loans, flexible acquisition facilities, 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 www.monroecap.com.

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