Daily News: December 10, 2014

Monroe Credit Places $23MM Skyline Windows Facility

Monroe Credit Advisors announced it placed a $23 million senior secured credit facility for Skyline Windows, a Merit Capital Partners portfolio company. Proceeds of the facility were used to refinance existing debt.

Brent Krambeck, co-managing partner of Monroe Credit Advisors, said, “We are pleased that we were able to deliver a debt solution that enables Skyline to support its near-term growth objectives while also lowering the company’s overall cost of capital. We certainly appreciate the opportunity to work with the Merit Capital and Skyline management teams and look forward to their continued success.”

Dan Pansing, a managing director at Merit Capital Partners, said, “Monroe did an excellent job advising our team on a number of potential debt structures and delivering a variety of options for us to consider. Through its managed process, the Monroe team efficiently drove interest across various structures and successfully guided the management team through the complexities of the transaction. They were also instrumental in negotiating the credit terms and driving the transaction to close.”

Krambeck added, “This transaction is another great example of how private equity sponsors can optimize debt financing by partnering with our team. Our expertise within the debt capital markets, broad network of relationships and tailored placement process allows us to consistently deliver value-added solutions for our clients in an efficient and cost-effective manner.”

Skyline is a manufacturer and installer of high-quality aluminum windows and window systems, primarily serving the complex high-rise commercial and residential market in the Northeast.