Monroe Capital Teams with Merrill Lynch to Provide $31,000,000 to Corporate Travel Holdings, Inc.

Chicago, IL – Monroe Capital LLC announced that it teamed with Merrill Lynch Business Financial Services Inc., as agent, to provide a $31,000,000 senior credit facility to Corporate Travel Holdings, Inc. in order to finance its acquisition of Tzell Travel, LLC. Corporate Travel Holdings, Inc. was formed primarily by Tzell Travel, LLC management to acquire all of the outstanding capital stock of CNG Travel Group plc, an Irish public limited company.

Headquartered in New York City and founded in 1966, Tzell Travel, LLC is a top provider of corporate travel management services offering a broad product line of meeting services and comprehensive travel management programs. Focused on the mid-sized corporate travel sector, the company operates a low fixed-cost, low risk business model as a support and aggregation entity for independent travel agencies with established client bases.

Theodore L. Koenig, President and Chief Executive Officer of Monroe Capital, said, “We are very pleased that we could work with Merrill Lynch on this transaction. We look forward to expanding our credit relationship with Corporate Travel Holdings and its management team.”

William Lynch of Corporate Travel Holdings said, “Monroe Capital was fast, flexible and a pleasure to do business with. We look forward to working with them as one of our key financing partners.”
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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