CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC (“Monroe”) today announced the closing of a $456.34
million term debt securitization known as Monroe Capital MML CLO VIII,
LTD. The term financing was Monroe’s third CLO completed in the last 15
months and is secured by a portfolio of middle market senior secured
loans.
Monroe sold securities rated from AAA through BB. Monroe and its
affiliates retained a majority of the Subordinated Notes in the
transaction. Deutsche Bank served as the Lead Manager, Structuring Agent
and Bookrunner. This transaction was structured to meet and comply with
both the European risk retention guidelines as well as U.S. risk
retention guidelines.
“Our middle market CLO business remains a critical component to the
broader Monroe platform,” said Jeremy VanDerMeid, Portfolio Manager of
Monroe. “We continue to see strong demand from investors around the
world as our middle market CLOs offer investors a unique entry point to
access the U.S. middle market. We were pleased to work with Deutsche
Bank on this transaction and we look forward to continuing the growth of
our middle market CLO platform.”
About Monroe Capital
Monroe Capital LLC (“Monroe”) is a private credit asset management firm
specializing in direct lending and opportunistic private credit
investing. Since 2004, the firm has provided private credit solutions to
borrowers in the U.S. and Canada. Monroe’s middle market lending
platform provides debt financing to businesses, special situation
borrowers, and private equity sponsors. Investment types include cash
flow, enterprise value and asset-based loans; unitranche financings; and
equity co-investments. Monroe is committed to being a value-added and
user-friendly partner to business owners, senior management, and private
equity and independent sponsors. The firm is headquartered in Chicago
and maintains offices in Atlanta, Boston, Los Angeles, New York, and San
Francisco.
Monroe has been recognized by Creditflux as the 2019 Best US Direct
Lending Fund; Private Debt Investor as the 2018 Lower Mid-Market Lender
of the Year; Global M&A Network as the 2018 Small Middle Markets Lender
of the Year; M&A Advisor as the 2016 Lender Firm of the Year; and the
U.S. Small Business Administration as the 2015 Small Business Investment
Company (SBIC) of the Year. For more information, please visit www.monroecap.com.
Contacts
Theodore L. Koenig
Monroe Capital LLC
312-523-2360
[email protected]
Caroline Collins
BackBay Communications
617-963-0065
[email protected]
