Monroe Capital Corporation closed a public offering of $130 million aggregate principal amount of 4.75% notes due 2026. Raymond James & Associates acted as book-running manager for this offering.

ING Financial Markets, B. Riley Securities, Huntington Securities, Janney Montgomery Scott, Ladenburg Thalmann & Co. and Oppenheimer & Co. acted as co-managers for the offering.

Monroe intends to use the net proceeds from this offering to redeem all of its outstanding 5.75% notes due 2023 and to repay a portion of the amount outstanding under its credit facility. However, Monroe may re-borrow under its credit facility and use such borrowings to invest in lower middle market companies in accordance with its investment objective and strategies and for working capital and general corporate purposes. As of Jan. 12, 2021, Monroe had $114.9 million in outstanding indebtedness under its credit facility.

The notes will mature on Feb. 15, 2026, and may be redeemed in whole or in part at any time or from time to time at the company’s option at par plus a “make-whole” premium, if applicable. The notes will bear interest at a rate of 4.75% per year payable semi-annually on Feb. 15 and Aug.15 of each year, beginning Aug. 15, 2021.

A registration statement relating to the notes was filed and has been declared effective by the SEC.

The notes were issued by the company pursuant to a registration statement previously filed with, and declared effective by, the SEC. The offering was made solely by means of a written prospectus and prospectus supplement that form a part of the registration statement.

Monroe Capital Corporation is a publicly-traded specialty finance company that principally invests in senior, unitranche and junior secured debt and, to a lesser extent, unsecured debt and equity investments in middle market companies.