Follow-on Offering

Technology & Services
Follow-on Offering

Summary

Baird served as joint book-running manager on this offering.

About

Monroe Capital Corporation (“Monroe” or the “Company”) (NASDAQ-GS: MRCC) recently completed a follow-on offering of 3,100,000 shares of its common stock at a price of $15.50 per share, generating gross proceeds of approximately $48.1 million. Monroe has also granted the underwriters an option, exercisable for 30 days, to purchase up to 465,000 additional shares of common stock to cover over-allotments, if any. 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 other general corporate purposes. The Company will also pay operating expenses, including management and administrative fees, and may pay other expenses from the net proceeds of this offering. The Company may also use a portion of the net proceeds to fund investments by its SBIC subsidiary.

Monroe is a specialty finance company focused on providing customized financing solutions to lower middle-market companies in the United States and Canada focused primarily on senior secured, junior secured and unitranche (a combination of senior secured and junior secured debt in the same facility in which the Company syndicates a ‘‘first out’’ portion of the loan to an investor and retain a ‘‘last out’’ portion of the loan) and, to a lesser extent, unsecured subordinated debt and equity, including equity co-investments in preferred and common stock and warrants. The Company is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended, or the 1940 Act, and that has elected to be treated as a regulated investment company, or RIC, for tax purposes under the United States Internal Revenue Code of 1986, as amended, or the Code, commencing with its taxable year ended December 31, 2012. Monroe is headquartered in Chicago, Illinois.

For additional information about this transaction, please contact:

Mark C. Micklem +1 (202) 303-1815
Ryan Engelhardt +1 (414) 298-2637
Aaron Sharabaika +1 (202) 303-1816
Katie Kasper +1 (414) 298-5991
Technology & Services
Follow-on Offering
Date
July 2016
Company
Monroe Capital Corporation
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
North America

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