Monroe Capital Provides $40,625,000 to a Specialty Apparel Company

Chicago, IL – Monroe Capital LLC announced the funding of a new $40,625,000 senior credit facility for a specialty apparel company for which Monroe acted as sole arranger and agent. Proceeds of the new credit facility were used to finance the acquisition of the company by private equity firm, Swander Pace Capital.

The specialty apparel company is a premier designer, manufacturer and marketer of designer and private label swimwear. The company sells its products through a broad array of channels, including major department stores, specialty retailers, swimwear boutiques, international distributors, catalog vendors and the Internet.

Michael J. Egan, Executive Vice President of Monroe Capital, said, “We very much appreciate the ability to finance a quality company as well as add value to a successful private equity firm like Swander Pace in a buyout financing transaction. We look forward to being a strong financial partner for this company for years to come.”

Monroe Capital is a specialty finance company and one of the most active providers of junior secured and senior debt to middle-market companies in amounts typically ranging from $3 million to $50 million. Monroe is committed to being a value-added and user-friendly partner to owners, senior management, transaction sponsors and other lenders. 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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