Monroe Capital LLC said provided $11 million in loans to support Prophet Equity’s recap of CID Resources Inc. Coppell, Texas-based CID designs, makes and distributes medical uniforms.
CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of an $11 million senior credit facility to support the recapitalization and growth of CID Resources, Inc. (“CID”) by private equity sponsor, Prophet Equity.
Based in Coppell, Texas, CID is a designer, manufacturer, and distributor of medical uniforms. The company maintains several product lines that are sold primarily through specialty uniform retailers and online medical uniform retailers in the U.S. and Canada. CID distributes medical uniforms under its WonderWink brand and the licensed Carhartt brand.
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, 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 and 2014 Small Mid-Market Lender of the Year, Private Debt Investor as the 2013 Unitranche Lender of the Year and 2014 Senior 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.