DWHP’s American Optics raises $26.3 mln for recap, add-on deal

Monroe Capital LLC said it was the sole lead arranger and administrative agent on the funding of a US$26.3 million senior credit facility for American Optics Inc, a Canadian optics manufacturer. The deal helped to refinance the company’s existing debt facility and finance an add-on acquisition. The buy was not disclosed; however, American Optics announced earlier this year it acquired U.S.-based Endoscopy Replacement Parts Inc. Toronto-based American Optics makes, assembles and distributes replacement components used in the repair of endoscopes. It is backed by DW Healthcare Partners (DWHP), a Canadian healthcare private equity firm.

PRESS RELEASE

Monroe Capital Supports DW Healthcare Partners’ American Optics

September 19, 2017

CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a $26.3 million senior credit facility to refinance the existing debt facility and to finance an add-on acquisition for American Optics, an existing portfolio company of DW Healthcare Partners.

Based in Toronto, Canada, American Optics is a manufacturing, assembly and distribution business for replacement components used in the repair of endoscopes. The business focuses on the third-party endoscope repair market. American Optics is an international business with offices in Canada, the United States and Europe.

About Monroe Capital

Monroe Capital LLC (“Monroe”) is a middle market direct lending and private credit asset management firm. Since 2004, the firm has provided private credit solutions to corporate borrowers in the U.S. and Canada. Monroe’s middle market lending platform provides senior and junior debt financing to middle market businesses and private equity sponsors. Investment types include unitranche financings; cash flow, asset based and enterprise value based loans; and equity co-investments. Monroe is committed to being a value-added and user-friendly partner to business owners, senior management and private equity sponsors. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Dallas, Los Angeles, New York, San Francisco and Toronto. Monroe has been recognized by Private Debt Investor as the 2016 Lower Mid-Market Lender of the Year; M&A Advisor as the 2016 Lender Firm of the Year; Global M&A Network as the 2016 Small Middle Markets Lender of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. For more information, please visit monroecap.com.

Contacts
Monroe Capital LLC
Theodore L. Koenig
312-523-2360
tkoenig@monroecap.com
or
BackBay Communications
Emily Stoermer
617-391-0801
emily.stoermer@backbaycommunications.com

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