Daily News: May 8, 2014

Monroe Capital Provides $20.8MM Unitranche Credit Facility

Monroe Capital announced the funding of a $20.8 million unitranche credit facility to support the growth of Gracelock Industries.

Based in Los Angeles, CA, Gracelock Industries is a privately-held e-commerce provider to the marine, power sports, and home décor industries with operations throughout North America.

Monroe Capital continues to expand its technology and e-commerce financing platform. Gracelock represents a good example of Monroe utilizing its unitranche product to provide a complete financing solution to a growing e-commerce company.