Follow-on Offering

Technology & Services
Follow-on Offering

Summary

Baird served as a joint bookrunner on this offering

About

Monroe Capital Corporation (“Monroe” or the “Company”) (NASDAQ-GS: MRCC) recently completed a follow-on offering of 3,450,000 shares of common stock at a price of $15.00 per share, generating gross proceeds of $51.8 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 other general corporate purposes.

Monroe Capital Corporation, an externally-managed business development company (BDC), is a specialty finance company that provides customized financing solutions to lower middle-market companies in the United States and Canada focused primarily on investments of senior secured, junior secured, and unitranche (a combination of senior secured and junior secured debt in the same facility in which Monroe syndicates a “first out” portion of the loan to an investor and retains a “last out” portion of the loan) debt and, to a lesser extent, unsecured subordinated debt and equity, including equity co-investments in preferred and common stock and warrants. As of March 31, 2017, Monroe’s net asset value was $239.6 million and its portfolio had a fair value of approximately $418.1 million, comprised of 65 portfolio companies with a weighted average annualized effective yield of 9.7%. Monroe Capital Corporation is headquartered in Chicago, Illinois.
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Technology & Services
Follow-on Offering
Date
June 2017
Company
Monroe Capital Corporation
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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