Monroe Capital Provides $27 Million Senior Secured Term Loan to Alliance Time
Chicago, IL, January 9, 2014
Monroe Capital LLC today announced the funding of a $27 million senior secured term loan in conjunction with a $40 million revolving line of credit provided by Bank of America Merrill Lynch to support the growth of Alliance Time and Ashford.com.
Based in Brooklyn, New York, Alliance Time is a leading wholesaler and online retailer of luxury watches and specialty jewelry. Through its website Ashford.com, Alliance Time distributes a wide range of timepieces and fine jewelry from various suppliers to an international clientele.
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. To learn more about Monroe Capital LLC, visit www.monroecap.com.