Daily News: October 22, 2013

Monroe Capital Provides Facility to Technology Services Company

Monroe Capital announced the funding of a $14 million senior secured credit facility to help enable growth of a technology services company by private equity sponsors, Olympic Valley Capital and Boathouse Capital.

Brian Kreiner, managing partner of Olympic Valley Capital, said, “Monroe Capital was able to structure a flexible senior credit facility to support the growth of our platform company. We very much appreciate Monroe’s technology expertise and their ability to understand the fundamentals of this industry.”

The company provides IT support services to growing small and medium-sized businesses specializing in serving enterprises with 50 to 1,000 employees.