Daily News: October 8, 2013

Monroe Capital Provides Facility to Support Escort Acquisition

Monroe Capital announced the funding of a $78.5 million senior secured credit facility to support the buyout of Escort by New York City private equity sponsor Monomoy Capital Partners.

Justin Hillenbrand, partner of Monomoy Capital Partners, said “Monroe Capital was able to structure a flexible senior credit facility to support the Escort acquisition in its entirety. We very much appreciate their ability to dedicate the resources to move quickly and close this transaction in a timely, hassle-free manner.”

Based in West Chester, OH, Escort offers a premium line of automotive accessories and is the market leader in the design, manufacture and distribution of radar detectors and mobile data used for ticket protection. The company’s products are marketed under ESCORT™ and BELTRONICS™ brands.