Monroe Capital closed a $456.3 million term debt securitization known as Monroe Capital MML CLO VI. Deutsche Bank served as lead manager, structuring agent and bookrunner on the transaction.
Monroe sold securities rated from AAA through BB and retained a majority of the subordinated notes in the transaction. The term financing was Monroe’s second CLO completed in the last 12 months. It was secured by a portfolio of middle market senior secured loans.
“We continue to see very strong interest in Monroe’s CLO platform. Our investor base continues to expand in the U.S., Europe and Asia,” said Ted Koenig, president and CEO of Monroe. “We are pleased to count many of our existing CLO investors in this transaction as well as several new investors.”
Jeremy VanDerMeid, managing director of Monroe, added, “We were pleased to work with Deutsche Bank on this transaction and appreciate the strong demand that we received. We look forward to future transactions with our existing and new investor partners.”