Monroe Capital

Monroe Capital Corp. is an externally managed, closed-end, non-diversified management investment company, which engages in the provision of financial solutions. It offers customized financing solutions focused primarily on senior, unitranche and junior secured debt and, to a lesser extent, unsecured subordinated debt and equity, including equity co-investments in preferred and common stock and warrants. The company was founded on February 9, 2011 and is headquartered in Chicago, IL.

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Monroe Capital maintains dividend coverage amid market challenges and growth opportunities

Monroe Capital's Q1 2024 performance remained steady, covering dividends and showcasing resilience despite challenges in market conditions and leverage increase.
The company's strengths in providing flexible capital solutions and managing portfolios effectively position it well to navigate competitive credit markets and capitalize on growth opportunities.

Monroe Capital reports mixed Q3 results, secures $1B seed capital

Monroe Capital's Q3 performance reflects a mix of positive income generation and operational challenges.
The company's strengths lie in securing new seed capital, maintaining a diversified investment portfolio, and aligning with market trends.
Challenges include managing expenses, optimizing operational efficiency, and balancing income with costs.
Opportunities for growth stem from strategic transactions, increasing middle-market loan volumes, and leveraging new capital for expansion.

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CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) today announced the closing of a $561.8 million term debt securitization known as Monroe Capital MML CLO XVI, LTD. The term financing was Monroe's fourth CLO completed since 2022 and is secured by a portfolio of middle market senior secured loans. Monroe sold securities rated from AAA through BB-. Monroe and its affiliates retained a majority of the subordinated notes in the transaction. BNP Paribas served as the Lead Manager, Placement an.

Monroe Capital Closes $561.8 Million Collateralized Loan Obligation XVI

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a rating of BBB- to Monroe Capital Income Plus Corporation's (“MCIP” or “the company”) $204 million 7.47% senior unsecured notes due 2029. The notes comprise a $156 million tranche and a $48 million tranche with maturities of July 24, 2029, and September 18, 2029, respectively. The $156 million and $48 million tranches are expected to fund on July 24, 2024, and September 18, 2024, respectively. The rating Outlook is Stable. The proceeds will be used for t.

KBRA Assigns Rating to Monroe Capital Income Plus Corporation's $204 Million Senior Unsecured Notes due 2029

Goldman Sachs BDC

Oaktree Specialty Lending

Private credit funds and business development corporations often offer 10% yields. Some of these funds are locked up for long periods, causing liquidity problems. Listed BDCs are not. Wall Street is worried about private credit eating its debt-issuance lunch.

3 Above-10% Yielding BDCs To Play The Private Credit Boom

CHICAGO, July 19, 2024 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that it will report its second quarter 2024 financial results on Wednesday, August 7, 2024, after the close of the financial markets.

Monroe Capital Corporation Schedules Second Quarter 2024 Earnings Release and Conference Call

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CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of National Manufacturing Co. ("National" or the “Company”) by PrecisionX Group, an existing portfolio company of CORE Industrial Partners (“CORE”). PrecisionX Group was formed in 2023 following two previous CORE acquisitions, GEM Manufacturing and Coining. Founded in 1944 and headquartered in Piscataway,.

Monroe Capital Supports PrecisionX Group's Acquisition of National Manufacturing Co.

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Summit Off Duty Services (“Summit”) by Security Services Holdings LLC ("Protos Security"), an existing portfolio company of Southfield Capital. Protos Security is a tech-enabled vendor managed security services provider in North America. Headquartered in Irving, TX, Summit is an off-duty police officer.

Monroe Capital Supports Protos Security's Acquisition of Summit Off Duty Services

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to four classes of debt issued by Monroe Capital ABS Funding II, LP ("MCAF 2024-1"), a securitization backed by a portfolio of recurring revenue and middle market corporate loans. This transaction is a reset of the Monroe Capital ABS Funding II, LP, which originally closed in February 2023. MCAF 2024-1 is a $528.4 million securitization managed by Monroe Capital Management Advisors, LLC (“Monroe” or the “Collateral Manager”), an affili.

KBRA Assigns Preliminary Ratings to Monroe Capital ABS Funding II, LP

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisitions of Shawnee Dumpster Services (“SDS”) and Sue's Recycling & Sanitation (“Sue's”) by Superior Waste Industries, LLC, d/b/a Superior USA Waste (“Superior”), an existing portfolio company of Red Dog Equity, LLC. Based in Shawnee, OK, Superior is an environmental service holding company. SDS is a solid was.

Monroe Capital Supports Superior Waste Industries, LLC's Add-On Acquisitions

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Clark Foam Corporation (“Clark Foam”) by Specialized Packaging Group (“SPG”), an existing portfolio company of Altamont Capital Partners. SPG is a leading vertically integrated provider of protective packaging products. Based in Illinois, Clark Foam provides custom-designed packaging solutions for a di.

Monroe Capital Supports Specialized Packaging Group's Acquisition of Clark Foam Corporation

ZeroFox Holdings Inc

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of ZeroFox Holdings, Inc. (“ZeroFox”) by private equity sponsor Haveli Investments. ZeroFox is an enterprise software-as-a-service provider of external cybersecurity. The ZeroFox platform combines advanced AI analytics, digital risk and privacy protection, full-spectrum threat intelligence, and a robust po.

Monroe Capital Supports Haveli Investments' Acquisition of ZeroFox

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as lead arranger and administrative agent on the funding of a senior credit facility to support the growth of Signal 88, LLC (“Signal Security”). Founded in 2003 and based in Omaha, NE, Signal Security is an operator of security and patrol services including mobile patrol, dedicated security guard services, concierge and camera monitoring and commercial and industrial solutions. Signal Security serves local communities b.

Monroe Capital Supports Growth of Signal 88, LLC

Monroe Capital (MRCC) has outperformed the BDC market despite my previous concerns about its risk profile. Yet, Q1 2024 earnings show a decrease in underlying NAV and a decline in adjusted net investment income, raising questions about dividend sustainability. The leverage has increased, making it the fourth most leveraged BDC, and a significant portion of the borrowings are based on cheap fixed rate financing which will inevitably increase the borrowing costs.

Monroe Capital: The Risks Are Still Too Excessive To Go Long

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as joint lead arranger on the funding of a senior credit facility to support the continued growth of The Smilist Management (“The Smilist”), an existing portfolio company of Zenyth Partners. Founded in 2014 and based in Great Neck, NY, The Smilist is a leading Northeast-focused dental support organization. The company supports over 60 locations with over 1,200 employees in New York, New Jersey, Connecticut, Delaware and.

Monroe Capital Supports Zenyth Partners' The Smilist Management

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of CargoBarn by Sheer Logistics, an existing portfolio company of Woodlawn Partners. Sheer Logistics is a premier provider of 4PL/Managed Transportation Services, value-based logistics, freight brokerage, TMS technology and Integration Platform as a Service (IPaaS) solutions purpos.

Monroe Capital Supports Sheer Logistics' Acquisition of CargoBarn

CHICAGO, June 03, 2024 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that its Board of Directors has declared a distribution of $0.25 per share for the second quarter of 2024, payable on June 28, 2024 to stockholders of record as of June 17, 2024. In October 2012, the Company adopted a dividend reinvestment plan that provides for reinvestment of distributions on behalf of its stockholders, unless a stockholder elects to receive cash prior to the record date. When the Company declares a cash distribution, stockholders who have not opted out of the dividend reinvestment plan prior to the record date will have their distribution automatically reinvested in additional shares of the Company's capital stock. The specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission.

Monroe Capital Corporation Announces Second Quarter Distribution of $0.25 Per Share

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Summit Professional Education (“Summit”) by Avathon Capital. Founded in 2004, Summit is a provider of in-person and online continuing and professional education ("CPE") courses for physical therapists and assistants, occupational therapists and assistants, and speech language pa.

Monroe Capital Supports Avathon Capital's Acquisition of Summit Professional Education

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support Dealer Services Network's (“DSN”) acquisition of Express OMV. DSN is an existing portfolio company of Frontenac. Based in South Florida, DSN is a technology-enabled provider of title and registration services for automotive retailers, rental car companies, consumers, and governmental agencies. The acquisition of Express O.

Monroe Capital Supports Dealer Services Network's Acquisition of Express OMV

Monroe Capital is a smaller BDC focused on lower middle market companies in the US and Canada. The high dividend yield of 13.5% has helped maintain positive total returns, but another dividend cut is expected due to the thin NII per share coverage. MRCC's portfolio is heavily exposed to the real estate sector, which has hindered its growth due to higher interest rates.

Monroe Capital: Rising Non-Accruals Threaten Current Dividend

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility and equity co-investment to support the acquisition of Cam Tran Co. Ltd. (“Cam Tran”), by Central Moloney, Inc. (“CMI”). CMI is an existing portfolio company of Wind Point Partners. Founded in 1949 and based in Pine Bluff, Arkansas, CMI offers a full suite of customizable distribution transformers and transformer components. Cam Tr.

Monroe Capital Supports Central Moloney, Inc.'s Acquisition of Cam Tran Co. Ltd.

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC today announced it acted as joint lead arranger on the funding of a senior credit facility to support the acquisition of Cloudbreak Health (“Cloudbreak”) by GTCR. Headquartered in Columbus, OH, Cloudbreak is a leading video-focused language interpretation service provider that helps patients with limited English proficiency, as well as deaf and hard-of-hearing populations, communicate with caregivers in healthcare settings. The Company's core offerin.

Monroe Capital Supports GTCR's Acquisition of Cloudbreak Health

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) today announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility in support of refinancing of The Black Tux, Inc. (“The Black Tux”), an existing portfolio company of TZP Group and Stripes Group. Founded in 2013, The Black Tux is a vertically integrated omni-channel provider of men's formalwear. The company designs and manufactures contemporary suits and tuxedos for rent or for sale. In add.

Monroe Capital Supports TZP Group's The Black Tux, Inc.

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition and growth of Interstate AC Service, LLC (“Interstate AC”), Kimbro Mechanical and Open Source Controls by private equity sponsor Point 41 Capital Partners. Headquartered in Nashville, TN, Interstate AC is a leading provider of commercial HVAC, plumbing and building automation solutions to industrial, education,.

Monroe Capital Supports Point 41 Capital Partners' Acquisition of Interstate AC Service, LLC

Monroe Capital (MRCC) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.31 per share a year ago.

Monroe Capital (MRCC) Misses Q1 Earnings and Revenue Estimates

CHICAGO, May 08, 2024 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (NASDAQ: MRCC) (“Monroe”) today announced its financial results for the first quarter ended March 31, 2024.

News for Monroe Capital ETF (MRCC)