Monroe Capital LLC said March 20 that its second CLO closed on $456.30 million. Monroe retained a majority of the subordinated notes in the transaction. Deutsche Bank served as the lead manager, structuring agent and bookrunner.
Chicago, IL, March 20, 2018 – Monroe Capital LLC (“Monroe”) today announced the closing of a $456.30 million term debt securitization known as Monroe Capital MML CLO VI, LTD. The term financing was Monroe’s second CLO completed in the last twelve months and is secured by a portfolio of middle market senior secured loans.
Monroe sold securities rated from AAA through BB. Monroe and its affiliates retained a majority of the Subordinated Notes in the transaction. Deutsche Bank served as the Lead Manager, Structuring Agent and Bookrunner. This transaction was structured to meet and comply with both the European risk retention guidelines as well as U.S. risk retention guidelines.
“We continue to see very strong interest in Monroe’s CLO platform. Our investor base continues to expand in the U.S., Europe and Asia,” said Ted Koenig, President and CEO of Monroe. “We are pleased to count many of our existing CLO investors in this transaction as well as several new investors.”
Jeremy VanDerMeid, Managing Director of Monroe, said, “We were pleased to work with Deutsche Bank on this transaction and appreciate the strong demand that we received. We look forward to future transactions with our existing and new investor partners.”
About Monroe Capital
Monroe Capital LLC (“Monroe”) is a private credit asset management firm specializing in direct lending and opportunistic private credit investing. Since 2004, the firm has provided private credit solutions to borrowers in the U.S. and Canada. Monroe’s middle market lending platform provides senior and junior debt financing to businesses, special situation borrowers, 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 and independent sponsors. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Dallas, Los Angeles, New York, and San Francisco. Monroe has been recognized by Private Debt Investor as the 2017 Lower Mid-Market Lender of the Year; Global M&A Network as the 2017 Small Middle Markets Lender of the Year; M&A Advisor as the 2016 Lender Firm 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.