Deal Details
Follow-On Offering
Summary
Baird served as lead bookrunner on this offering.
About
Monroe Capital Corporation (“Monroe Capital” or the “Company”) (NASDAQ: MRCC) recently completed a follow-on offering of 2,817,500 shares of common stock at a price of $14.85 per share, generating gross proceeds of approximately $41.8 million. The Company intends to use the net proceeds from the offering to repay indebtedness, to invest in portfolio companies in accordance with its investment objectives and for general corporate purposes.Monroe Capital Corporation is a specialty finance company focused on providing financing to lower middle-market companies in the United States and Canada. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through investment in senior, unitranche and junior secured debt and, to a lesser extent, unsecured subordinated debt and equity investments. The Company's investment activities are managed by its investment adviser, Monroe Capital BDC Advisors, LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended, and an affiliate of Monroe Capital LLC. The Company is headquartered in Chicago, Illinois.
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- Date
- April 2015
- Company
- Monroe Capital Corporation
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
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