Daily News: February 7, 2014

Monroe Credit Advisors Provide AllOver Media Facility

Monroe Credit Advisors announced that it placed a $16 million senior secured credit facility for AllOver Media. Proceeds of the facility refinanced the existing debt of the company.

Brent Krambeck, managing director and partner of Monroe Credit Advisors, said, “Our team was hired to structure and arrange a financing that would lower the company’s overall cost of capital and provide capacity for growth. We moved quickly to get into market and through our process, generated a number of options for the company to consider. We are pleased that we delivered a successful debt placement that met AllOver Media’s objectives.”

Shaun Nugent, CFO of AllOver Media, said, “The Monroe team did an excellent job raising our debt capital, and their debt placement process allowed us to focus our time on running our business. Monroe exceeded our expectations by generating a number of different structuring options and partners that we could consider. The process was efficient and we are very pleased with the results.”

Minneapolis-based AllOver Media is national provider of out-of-home advertising solutions.