Monroe Capital Provides $15 Million to Navarre Corporation

    CHICAGO, March 26 /CNW/ - Monroe Capital LLC announced the funding of a
$15 million junior term loan to Navarre Corporation (NASDAQ:   NAVR). Monroe
Capital's junior term loan was used to assist Navarre in a refinance

    Navarre, headquartered in New Hope, MN, is a distributor and publisher of
a broad range of home entertainment and multimedia products, including PC
software, CD audio, DVD video, video games and accessories. The Company's
business is divided into two segments--distribution and publishing. Through
the distribution business, Navarre distributes and provides fulfillment
services for its vendors, which include PC software and video game publishers
and developers, independent music labels, and major motion picture studios

    Mr. Koenig, President and CEO of Monroe Capital LLC said, "We are very
pleased that we could assist Navarre in its financing needs."

    Cary Deacon, Navarre Corporation's Chief Executive Officer, said, "We are
very pleased with the completion of our debt refinancing. Our new credit
facilities are well suited to the varying seasonal working capital needs of
the Company and enable us to reduce our interest expense. We enjoyed
partnering with Monroe Capital. It was a pleasure working with them on this

    Monroe Capital is a specialty finance company and one of the most active
providers of 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

For further information:

For further information: Monroe Capital LLC Theodore L. Koenig President
and CEO Phone:(312) 258-8300 Fax:(312) 258-8350

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890