Monroe Capital has closed a $305 million term debt securitization known as Monroe Capital MML CLO 2016-1. The term financing, which was Monroe’s third CLO completed in the last two years, is secured by middle market senior secured loans and has a four year reinvestment period.

Monroe sold securities rated from AAA through BBB. Monroe and its affiliates retained all of the BB securities and the subordinated notes in the transaction. BNP Paribas served as the lead manager, structuring agent and bookrunner. This transaction was structured to meet and comply with both the European risk retention guidelines and U.S. risk retention guidelines.

“We continue to see very strong interest in Monroe’s CLO platform, both in middle market and broadly syndicated senior secured loan assets. Our investor base continues to expand in the U.S. and Europe,” said Ted Koenig, president and CEO of Monroe. “We are pleased to count several of our existing CLO investors in this transaction as well as many new investors.”

Jeremy VanDerMeid, managing director of Monroe, said, “We were pleased to work with BNP Paribas on this transaction and appreciate the execution that we received. We look forward to future transactions with our investor partners.”