Daily News: January 9, 2014

Monroe Capital, BofA Provide Alliance Time Term Loan/Revolver

Monroe Capital LLC announced the funding of a $27 million senior-secured term loan in conjunction with a $40 million revolver provided by Bank of America Merrill Lynch to support growth of Alliance Time and Ashford.com.

Based in Brooklyn, NY, Alliance Time is a wholesaler and online retailer of luxury watches and specialty jewelry.