Monroe Capital Provides $25 Million Asset-Based Facility to Betteridge Jewelers, Inc.
Chicago, IL, July 26, 2017
Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a $25 million asset-based facility to refinance the existing debt facility and provide working capital for Betteridge Jewelers, Inc. (“Betteridge”).
Founded in 1897 and based in Greenwich, Connecticut, Betteridge is a premier jeweler and watch retailer selling many of the world’s most luxurious brands. The company operates stores in Greenwich, Connecticut; Palm Beach, Florida; Vail, Colorado; and Aspen, Colorado.
About Monroe Capital
Monroe Capital LLC (“Monroe”) is a middle market direct lending and private credit asset management firm. Since 2004, the firm has provided private credit solutions to corporate borrowers in the U.S. and Canada. Monroe’s award-winning middle market lending platform provides senior and junior debt financing to middle market businesses and private equity sponsors. Investment types include unitranche financings; cash flow, asset based and enterprise value based loans; and equity co-investments. Monroe is committed to being a value-added and user-friendly partner to business owners, senior management and private equity sponsors. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Dallas, Los Angeles, New York, San Francisco and Toronto.