Monroe Credit Advisors (MCA) placed a $20 million term loan for London Broadcasting Company (LBC), a portfolio investment of SunTx Capital Partners.

Dallas-based LBC is a media business focused upon owning and operating media properties, while utilizing a local-focused programming strategy that emphasizes proprietary Texas content and local news.

MCA acted as the exclusive financial advisor to SunTx and LBC in the placement of a $20 million term loan supporting SunTx’s strategic plan for its investment in LBC. Proceeds from the financing were used to refinance LBC’s existing debt and provide additional working capital.

David Webb, principal at SunTx, commented, “Monroe Credit Advisors’ financing process was efficient and highly effective. Despite the complexities of the business, Monroe delivered multiple financing alternatives and helped us secure an excellent outcome for our portfolio company. Further, by outsourcing the financing process we were able to focus our efforts upon executing our operational plan, which will greatly help us to achieve our strategic goals for this business.”

SunTx Capital Partners manages more than $600 million and has developed an outstanding track record of growing businesses and providing compelling returns to its partners.