Monroe Capital Participates in New Credit Facility to TLC Health Care Services, Inc.
Chicago, IL, May 31, 2006
Monroe Capital LLC announced its participation as a co-lender with UBS Securities LLC and Banc of America Securities LLC in a new $190 million senior secured credit facility for the benefit of TLC Health Care Services, Inc. Monroe Capital’s term loan was used to refinance existing debt and expenses and providing ongoing working capital.
TLC Health Care Services, Inc., founded in 1978 is the largest privately held and third largest home healthcare services company in the United States. TLC’s primary healthcare services include nursing services, rehabilitation services, mental health services, wound management and hospice care. The company has maintained a track record of excellence and dedication to the highest standards in quality care.
Monroe Capital is a specialty finance company devoted to providing innovative capital to middle-market businesses. Monroe Capital specializes in originating, structuring and providing customized financing to corporate, real estate, media and communication, and asset-based borrowers based in the U.S. and Canada in amounts of $3 million to $40 million, with an ability to agent and syndicate larger transactions. These investments include senior and junior secured debt as well as bridge loans to companies in need of immediate access to capital; flexible acquisition facilities for acquirers of opportunistic assets; 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.