Monroe Capital closed a $561.8 million term debt securitization, Monroe Capital MML CLO XVI. The term financing was Monroe’s fourth collateralized loan obligation (CLO) completed since 2022 and is secured by a portfolio of middle market senior secured loans.
Monroe sold securities rated from AAA through BB-. Monroe and its affiliates retained a majority of the subordinated notes in the transaction. BNP Paribas served as the lead manager, placement and structuring agent and bookrunner, with Capital One acting as co-placement agent. This transaction was structured to meet and comply with both the European risk retention guidelines as well as U.S. risk retention guidelines.
“We were pleased with both BNP Paribas and Capital One on the execution on this recent middle market CLO transaction. We are thankful for the strong support we received from our repeat investor base while also welcoming several new investors to our platform as we’ve observed and capitalized on a widening global investor base for CLO liabilities,” Chris Enas, deputy CLO portfolio manager of Monroe Capital, said. “Our commitment to focusing on proprietary, directly originated middle market transactions, coupled with our differentiated investment approach to underwriting and portfolio management, enable us to continue to create significant value for all of our stakeholders.”
