Monroe Capital increased its credit facility to FATHOM to support the acquisition of GPI Prototype & Manufacturing Services. FATHOM is an existing portfolio company of CORE Industrial Partners.
Monroe Capital closed a $406.27 million term debt securitization known as Monroe Capital MML CLO X, LTD. The term financing was Monroe’s fifth CLO completed since March 2018 and is secured by a portfolio of middle market senior secured loans.
Monroe Capital won the 2020 Best U.S. Direct Lending Fund by Creditflux, a London-based global publication and information source for the rapidly evolving market for credit funds and CLOs.
Monroe Capital increased the credit facility to Magneto & Diesel Injector Service (M&D) to support the acquisition of an automotive parts company. M&D is an existing portfolio company of Warren Equity Partners.
Monroe Capital’s opportunistic private credit group closed on a $24.5 million mezzanine loan for the development of 300 N. Michigan Avenue in Chicago. Monroe partnered with Pearlmark on the transaction.
Monroe Capital increased its credit facility to ATTOM Data Solutions to support the acquisition of Home Junction. ATTOM is an existing portfolio company of Lovell Minnick Partners.
Marc Pressler joined Monroe Credit Advisors as a managing director in its Chicago office. Pressler previously worked for Associated Bank, BMO Harris Bank, Madison Capital Funding, GE Capital, Heller Financial and LaSalle Bank.
Monroe Capital reported adjusted new investment income of $6.8 million in Q1/20 compared with $7.7 million for Q4/19. The company also reported net asset value fell by 18% to $205.4 million in the quarter compared with the Q4/19 level of $249.4 million.
Monroe Capital acted as co-syndication agent in the funding of a senior credit facility and equity co-investment to support the acquisition of Kindeva Drug Delivery by Altaris Capital Partners.
Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Shaw Development by private equity sponsor Monomoy Capital Partners.