Monroe Capital has provided a $32.5 million loan to back Goode Partners LLC’s acquisition of Forman Mills. Based in Pennsauken, New Jersey, Forman Mills sells off-price apparel and footwear for men, women and children as well as home goods.
October 18, 2016 06:00 AM Eastern Daylight Time
CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a $32.5 million senior credit facility to support the equity investment made by private equity sponsor Goode Partners LLC in the acquisition of Forman Mills.
Based in Pennsauken, New Jersey, Forman Mills owns and operates 36 stores in nine states. Founded in 1985, the company sells off-price apparel and footwear for men, women, and children, as well as home goods. The funding will support continued store expansion and invest in the company’s infrastructure to accelerate growth.
About Monroe Capital
Monroe Capital LLC is a leading provider of 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, asset 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 2015, 2014, and 2013 Small Middle Markets Lender of the Year; Private Debt Investor as the 2015 Lower Mid-Market Lender of the Year, the 2014 Senior Lender of the Year, and the 2013 Unitranche Lender of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. To learn more about Monroe Capital LLC, visit www.monroecap.com.