Monroe Capital Closes New $400 Million Warehouse Credit Facility with Wachovia Bank
Chicago, IL, August 7, 2007
Monroe Capital LLC, a Chicago-based specialty finance company, announced the closing of a new $400 million warehouse credit facility with Wachovia Bank, N.A.
“This is an expansion of our existing financing capabilities. We now have well over $1 billion of funding capacity. We look forward to continuing to be a reliable financing partner to middle-market companies in these uneven financial markets,” said Theodore L. Koenig, President and Chief Executive Officer of Monroe Capital LLC.
Mary Katherine Dubose, Managing Director at Wachovia, said “We are pleased to support the continued growth of Monroe Capital. Wachovia remains committed to providing capital solutions for middle-market companies such as Monroe.”
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.