Monroe Capital said Tuesday it acted as sole lead arranger and administrative agent on a $35 million loan to support the recap of Trident University by a Northeast-based private equity sponsor. Monroe did not disclose the name of the investor. Cypress, Calif.-based Trident is an online provider of post-secondary educational degree programs.
CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a $35 million senior credit facility to support the recapitalization of Trident University International by a Northeast-based private equity sponsor.
Based in Cypress, California, Trident University International is a leading regionally accredited online provider of post-secondary educational degree programs. The university was founded in 1998 and serves over 12,000 students in all 50 states, US territories, and 67 other countries through a wide variety of Doctorate, Master’s, and Bachelor’s degree programs in Business, Health Sciences, Education, and Information Systems. To learn more about Trident University International, visit www.trident.edu.
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 Small Mid Market Lender of the Year and by Private Debt Investor as the 2013 Unitranche Lender of the Year. To learn more about Monroe Capital LLC, visit www.monroecap.com.