Monroe Capital has backed a $20.8 million unitranche credit facility to support Gracelock Industries. Based in Los Angeles, California, Gracelock Industries is an e-commerce provider to the marine, power sports, and home décor industries.
Monroe Capital LLC today announced the funding of a $20.8 million unitranche credit facility to support the growth of Gracelock Industries.
Based in Los Angeles, California, Gracelock Industries is a privately-held e-commerce provider to the marine, power sports, and home décor industries with operations throughout North America. Gracelock’s state-of-the-art logistics technology provides a superior experience for its consumers, suppliers and manufacturers.
Monroe Capital continues to expand its technology and e-commerce financing platform. Gracelock represents a good example of Monroe utilizing its unitranche product to provide a complete financing solution to a growing e-commerce company.
About Monroe Capital
Monroe Capital is a private investment firm providing senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly. Monroe is committed to being a value-added and user-friendly partner to owners, senior management and private equity sponsors. Monroe has been recognized by Global M&A Network as the 2013 Small Mid Market Lender of the Year and by Private Debt Investor as the 2013 Unitranche Lender of the Year.