Monroe Capital Finally Launches BDC At $75M

  • Nineteen months after initial filing
  • New vehicle for leveraged lending
  • First downsized, then upsized

Monroe Capital Corp., the long-gestating business development company backed by Chicago lender Monroe Capital LLC, raised $75 million in an initial public offering Wednesday, pricing five million shares at $15 per share.

The final offering was half the size that Monroe Capital had planned when it announced its plan in March 2011 to launch the BDC. “It’s a tough market,” Theodore L. Koenig, the president and chief executive officer of the firm, ...

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