Monroe Credit Advisors has closed a $23.5 million senior secured credit facility for Footprint Retail Services, which is backed by Chicago Growth Partners. Footprint used the loan to refinance existing debt and for general working capital.
Monroe Credit Advisors today announced the closing of a $23,500,000 in senior secured credit facilities for its client, Footprint Retail Services, a Chicago Growth Partners portfolio company. Footprint provides installation, merchandising, logistics and related marketing services for major retailers and brand marketers. The credit facilities were used to refinance the Company’s existing debt and provide for general working capital needs.
Brent Krambeck, Managing Director of Monroe Credit Advisors, said, “We appreciate the opportunity to have worked with Chicago Growth Partners and the Footprint management team on this transaction. We’re proud that we were able to introduce the ideal lending partners that can help the Company execute its growth strategy going forward.”
Jeff Farrero, a Principal at Chicago Growth Partners said, “Monroe Credit Advisors delivered a strong financing solution for our portfolio company Footprint Retail Services. We knew that they had many contacts and could generate competitive terms but they exceeded our expectations when it came to managing issues, shepherding the process with multiple constituents and driving the team towards a successful closing. We are very pleased to have hired them to help with this transaction.”
The Chicago-based advisory firm continues to execute engagements with financial sponsors that are seeking to outsource the debt placement process. Krambeck adds, “This transaction is another great example of how financial sponsors can optimize their financing needs by partnering with our team. Our broad network of relationships, debt capital markets expertise and efficient placement process works to deliver successful solutions on a timely basis and in a cost effective manner.”
About Monroe Credit Advisors LLC
Monroe Credit Advisors provides debt capital solutions to middle market companies and their investors through strategies built for today’s dynamic credit markets. The firm advises on structuring and arranging credit through its relationships with a broad spectrum of debt providers including banks, commercial finance companies, debt investment funds and leasing companies. The firm’s experienced team of leveraged finance professionals approaches the market with a lender’s perspective, delivering to its clients real time market intelligence and structuring expertise that results in significant savings of time and money, as well as increased certainty of execution. To learn more about Monroe Credit Advisors, visit www.monroecredit.com.