Monroe Capital Supports OSG Acquisition of WhatCounts
Monroe Capital increased OSG Billing Services’ credit facility to support the acquisition of WhatCounts.
Monroe Capital increased OSG Billing Services’ credit facility to support the acquisition of WhatCounts.
Monroe Capital has increased Cal Net Technology Group’s credit facility to support the acquisition of inhouseIT. Cal Net is a portfolio company of Boathouse Capital and Olympic Valley.
Monroe Capital reported net investment income in Q2/16 totaled $5.8 million consistent with the $5.8 million in Q1/16. Monroe noted it has debt and equity investments in 55 portfolio companies, with a fair value of $342.8 million at the end of Q2/16.
Monroe Capital increased OSG Billing Services’ credit facility to support the acquisitions of ClickSpark and The Garfield Group.
Monroe Capital elected four senior executives to partner and promoted 19 staff members.
Marc Adelson has joined Monroe Capital as managing director of Originations. Adelson was the chief credit officer of Medallion Financial and president of its asset-based lending business.
Monroe Capital closed a $305 million term debt securitization that is secured by middle market senior secured loans and has a four year reinvestment period.
Monroe Capital hired Steve Hinrichs as managing director in it Los Angeles office. Hinrichs, who joins from Capital One Business Credit, will serve as the firm’s group head for the Southern California region.
Monroe Capital acted as sole lead arranger and administrative agent on the funding of a $55 million term loan and ABL revolver to support the growth of The Mitchell Gold d/b/a Mitchell Gold + Bob Williams.
According to a report by FRB Capital Markets, Monroe Capital leads the highest-scoring BDCs in shareholder returns and investment competitiveness.