Daily News: January 16, 2014

Monroe Capital Provides Unitranche Facility to Summit


Monroe Capital Provides Unitranche Facility to Summit

Monroe Capital announced the funding of a unitranche credit facility and equity co-investment to support the acquisition of Summit Container Corporation by 127 Summit Holdings.

Monroe Capital LLC announced the funding of a unitranche credit facility and equity co-investment to support the acquisition of Summit Container Corporation by 127 Summit Holdings.

“127 Summit Holdings is thrilled to be partnering with Monroe Capital, and we believe, as a result of their industry focus and operating resources, that they are the ideal partner to enable us to move into the future in an exciting fashion,” said Adam C. Walker, CEO of Summit Container. “We look forward to building on Summit Container’s tradition of excellence in partnership with Monroe Capital to accelerate our strategic growth initiatives.”

Monument, CO-headquartered Summit is a niche-oriented, full-service corrugated manufacturing company that designs, manufactures and sells highly engineered protective packaging to various customers.