CHICAGO, August 7 /CNW/ - Monroe Capital LLC, a Chicago-based specialty
finance company, announced the closing of a new $400 million warehouse credit
facility with Wachovia Bank, N.A.
"This is an expansion of our existing financing capabilities. We now have
well over $1 billion of funding capacity. We look forward to continuing to be
a reliable financing partner to middle-market companies in these uneven
financial markets," said Theodore L. Koenig, President and Chief Executive
Officer of Monroe Capital LLC.
Mary Katherine Dubose, Managing Director at Wachovia, said "We are
pleased to support the continued growth of Monroe Capital. Wachovia remains
committed to providing capital solutions for middle-market companies such as
Monroe Capital is a specialty finance company providing senior secured
and junior secured debt to middle-market companies. Monroe Capital specializes
in originating, structuring and providing customized one-stop financings to
U.S. and Canadian borrowers. Monroe is committed to being a value-added and
user-friendly partner to owners, senior management and transaction sponsors.
Investment types include senior and junior secured debt as well as bridge
loans, flexible acquisition facilities, mezzanine or last-out second loans
that stretch a company's debt capacity, acquisitions of distressed debt, and
equity co-investments. Monroe Capital prides itself on its flexible investment
approach and its ability to close and fund transactions quickly. To learn more
about Monroe Capital, visit www.monroecap.com.
For further information:
For further information: Monroe Capital LLC Theodore L. Koenig President
and CEO Phone: (312) 258-8300 Fax: (312) 258-8350 www.monroecap.com