Daily News: January 16, 2018

Monroe Capital Provides $80MM Facility to National Credit Center

Monroe Capital and SNH Capital Partners I funded an $80 million senior credit facility to National Credit Center (NCC), an SNH portfolio company. Monroe acted as sole lead arranger and administrative agent on the funding of the transaction.

Based in Las Vegas, NCC is a provider of comprehensive data, software and marketing solutions that enable automotive dealers to increase sales, drive user engagement and improve operational efficiencies.

“Monroe delivered a first-rate source of liquidity for NCC to execute on its strategic initiatives and for our investors,” said Jevin Sackett, CEO and managing director at SNH.

“Monroe has built an outstanding track record in providing financial sponsors with debt capital on the best, risk-adjusted market terms,” said Ted Koenig, Monroe president and CEO.