Monroe Capital Provides $30 Million Asset-Based Facility to Arhaus, LLC
Chicago, IL, June 27, 2017
Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a $30 million asset-based facility for general corporate purposes and working capital for Arhaus, LLC.
Based in Boston Heights, Ohio, Arhaus, LLC is a home furnishings retailer offering slipcovered, leather and custom-order seating, dining tables and chairs, bedroom furniture, outdoor and office furniture, seasonal accessories and bedding. The retailer currently operates 68 stores across the United States.
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, asset 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 Private Debt Investor as the 2016 Lower Mid-Market Lender of the Year; M&A Advisor as the 2016 Lender Firm of the Year; Global M&A Network as the 2016 Small Middle Markets Lender of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. To learn more about Monroe Capital LLC, visit www.monroecap.com.