Monroe Capital Announces $26 Million Senior Secured Unitranche Credit Facility
Chicago, IL, November 10, 2011
Monroe Capital LLC announced the funding of a senior secured unitranche credit facility to support the growth of a tech-enabled services company of Chicago Growth Partners. Monroe Capital served as the Administrative Agent and Lead Arranger for the transaction. The company is a leading provider of on-demand software and services.
Theodore L. Koenig, President and Chief Executive Officer of Monroe Capital, said, “We very much appreciate the relationship we have developed with Chicago Growth Partners and we look forward to working on many more deals together.”
Ron Davies of Chicago Growth Partners commented, “We are always working to put our portfolio companies in the optimal position to capitalize on growth opportunities, whether it be reinvesting in the business or pursuing strategic add-on acquisitions. The Monroe Capital team was able to deliver a financing solution that fit our needs and we look forward to working with them in the future.”
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.