Monroe Capital Provides Financing to Golden Gate Capital and Circle Peak Capital for the Acquisition of Rocket Dog
Chicago, IL, March 8, 2007
Monroe Capital LLC announced its role as Co-Syndication Agent in a new $80 million senior secured credit facility in connection with the acquisition of Rocket Dog by Golden Gate Capital and Circle Peak Capital. Wachovia Bank, National Association acted as Administrative Agent on the transaction.
Rocket Dog is a leading global designer, developer and distributor of footwear. Founded in 1993 and based in Hayward, CA, Rocket Dog’s product categories include active, boots, casual, dress and sandals/flats footwear designed with a unique youthful style. Golden Gate Capital and Circle Peak are backing Rocket Dog’s President and Chief Executive Officer, Mike Womack, and the existing management team who will continue to lead Rocket Dog.
Theodore L. Koenig, President & CEO of Monroe Capital, said, “We were very impressed by what the current management of Rocket Dog had accomplished to date and felt that with the backing of Golden Gate Capital and Circle Peak Capital, this company was poised to achieve rapid growth and continued excellent profitability.”
Monroe Capital is a specialty finance company and one of the most active providers of junior secured and senior debt to middle-market companies. Monroe Capital specializes in originating, structuring and providing customized one-stop financings to U.S. and Canadian borrowers. Monroe is committed to being a value-added and user-friendly partner to owners, senior management and transaction sponsors. Investment types include senior and junior secured debt as well as bridge loans, flexible acquisition facilities, mezzanine or last-out second loans that stretch a company’s debt capacity, acquisitions of distressed debt, and equity co-investments. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly. To learn more about Monroe Capital, visit www.monroecap.com.