Monroe Capital has amended and extended its syndicated credit facility led by ING Capital, which includes a reduction in pricing and an increase in commitments to $160 million from $135 million.
Monroe Capital Corporation said that current commitments on its syndicated credit facility led by ING Capital have increased by $25 million to $135 million.
Monroe Capital Corporation reported Q2/14 net investment income of $3.5 million was up 13% from $3.1 million in Q1/4. The company also noted a sequential increase in its principal amount of invested assets of $13.5 million.
Monroe Capital Corporation announced its wholly owned subsidiary, Monroe Capital Corporation SBIC LP, received approval for a license from the U.S. SBA to operate a Small Business Investment Company.
Monroe Capital declared a first quarter 2013 dividend of $0.34 per share and noted it originated $78.6 million in new funded investments during the fourth quarter, in addition to its initial portfolio purchase of $67.5 million of assets.
Monroe Capital originated $81 million in new investment commitments during Q4/12. Of these commitments, approximately $78.6 million were funded investments.