Monroe Capital Provides $50 Million ABL Facility to Consumer Electronics Company
Chicago, IL, May 4, 2017
Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a $50 million asset-based facility to support the future growth of a consumer electronics company.
The company is a consumer electronics products distributor to independent and online retailers, as well as retail chains nationwide. The company also provides a full suite of inventory management, engineering services and logistics solutions to its customers.
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.