Monroe Capital Provides $25 Million Credit Facility Financing to Diesel Direct
Chicago, IL, February 19, 2015
Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a $25 million credit facility to support the shareholder buyout and growth initiatives of Diesel Direct.
Based in Massachusetts, Diesel Direct is a specialized distributor of fueling solutions to businesses across the United States. The company provides on-site supply, delivery and management solutions and related services to commercial users of diesel fuel and adjacent products. Diesel Direct offers its customers the ability to manage their fuel costs through its proprietary Customer Experience Portal, BARLOC® systems and their dedicated delivery fleet of specialized trucks. To learn more about Diesel Direct, visit www.dieseldirect.com.
About Monroe Capital
Monroe Capital LLC is a leading provider of senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. 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. Monroe has been recognized by Global M&A Network as the 2013 and 2014 Small Mid Market Lender of the Year and by Private Debt Investor as the 2013 Unitranche Lender of the Year. To learn more about Monroe Capital LLC, visit www.monroecap.com.