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.Get your FREE trial or subscribe now to Buyouts to find new deal opportunities, super-charge your fundraising efforts and track top managers.