Monroe Credit Advisors placed $27.1 million in senior credit facilities on behalf of Viva5. Monroe Credit Advisors was Viva5’s exclusive financial advisor and placement agent and ran an expedited debt placement process that resulted in an optimized debt capital solution for the company. Proceeds from the financing were used to facilitate a partner buyout, refinance existing indebtedness and provide growth capital for future acquisitions.
Based in St. Petersburg, FL, Viva5 is a health and wellness platform specializing in innovation and ecommerce focused on the vitamin, mineral and supplement category.
“We are very pleased with the opportunity to work with Viva5’s talented management team and that we delivered a timely, well-structured and cost-effective debt solution in support of ownership’s strategic goals and objectives,” Brent Krambeck, managing partner of Monroe Credit Advisors, said. “It is a great credit to everyone involved in working efficiently through all the transaction dynamics during the evolving COVID-19 situation. We look forward to Viva5’s continued success.”
“The Monroe Credit Advisors team was a terrific partner for us and exceeded our expectations in running our debt placement process,” Brian Baer, CEO of Viva5, said. “The team created a variety of options for us to consider and were excellent in leading us through the underwriting and closing process during a challenging work environment created by COVID-19. We are very excited about the opportunities for our business and thankful that Monroe Credit helped us find the right lending partner to achieve our growth objectives.”
Monroe Credit Advisors is the boutique financial and debt advisory affiliate of middle market lender Monroe Capital. The company provides debt capital solutions to middle market companies.