Monroe Capital

Monroe Capital Corp. is an externally managed, closed-end, non-diversified management investment company, which engages in the provision of financial solutions. It offers customized financing solutions focused primarily on senior, unitranche and junior secured debt and, to a lesser extent, unsecured subordinated debt and equity, including equity co-investments in preferred and common stock and warrants. The company was founded on February 9, 2011 and is headquartered in Chicago, IL.

Earnings data Q1 2021

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Earnings data Q4 2024

Monroe Capital maintains dividend coverage amid market challenges and growth opportunities

Monroe Capital's Q1 2024 performance remained steady, covering dividends and showcasing resilience despite challenges in market conditions and leverage increase.
The company's strengths in providing flexible capital solutions and managing portfolios effectively position it well to navigate competitive credit markets and capitalize on growth opportunities.

Monroe Capital reports mixed Q3 results, secures $1B seed capital

Monroe Capital's Q3 performance reflects a mix of positive income generation and operational challenges.
The company's strengths lie in securing new seed capital, maintaining a diversified investment portfolio, and aligning with market trends.
Challenges include managing expenses, optimizing operational efficiency, and balancing income with costs.
Opportunities for growth stem from strategic transactions, increasing middle-market loan volumes, and leveraging new capital for expansion.

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CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Independent Roofing Systems (“Independent”) by Rampart Exterior Services (“Rampart”), a portfolio company of Huron Capital. Based in Mississippi, Independent specializes in commercial roofing services, including re-roofing, installation, and repair & maintenance. Rampart was created to.

Monroe Capital Supports Huron Capital's Rampart Exterior Services Add-on Acquisition

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Xpress Wellness, LLC ("Xpress") by Goldman Sachs Alternatives. Based in Oklahoma City, OK, Xpress is affiliated with a physician-led rural healthcare platform that provides a range of high-quality, affordable, and convenient healthcare services to medically underserved communiti.

Monroe Capital Supports Goldman Sachs Alternatives' Acquisition of Xpress Wellness

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisitions of Billing Solutions, LLC (“Billing Solutions”) and edgeMED Healthcare (“edgeMED”) by Medusind Solutions Inc. (“Medusind”), an existing portfolio company of Alpine Investors. Based in Prescott, Arizona, Billing Solutions provides customized billing and practice management services for the behavioral heal.

Monroe Capital Supports Medusind's Add-on Acquisitions

Monroe Capital Corporation (NASDAQ:MRCC ) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants Ted Koeing - Chief Executive Officer Mick Solimene - Chief Investment Officer and CFO Alex Parmacek - Deputy Portfolio Manager Conference Call Participants Christopher Nolan - Ladenburg Thalmann Robert Dodd - Raymond James Operator Welcome to Monroe Capital Corporation's Second Quarter 2024 Earnings Conference Call. Before we begin, I'd like to take a moment to remind our listeners that remarks made during this call today may contain certain forward-looking statements, including statements regarding our goals, strategies, belief, future potential, operating results and cash flows.

Monroe Capital Corporation (MRCC) Q2 2024 Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”), on behalf of its investment funds, has announced it has established a partnership with Triad Financial Services, Inc. (“Triad”) to originate and purchase commercial Community Rental loans made to manufactured home community owners. The initial pool is expected to be ~$300 million. Monroe has secured a revolving credit facility with Canadian Imperial Bank of Commerce to finance such origination and purchase. The capital provided by the Mon.

Monroe Capital Leads ~$300mm Asset-Based Financing to Triad Financial Services, Inc.

Monroe Capital (MRCC) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.28 per share a year ago.

Monroe Capital (MRCC) Beats Q2 Earnings and Revenue Estimates

CHICAGO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (NASDAQ: MRCC) today announced its financial results for the second quarter ended June 30, 2024.

Monroe Capital Corporation BDC Announces Second Quarter 2024 Results

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) today announced the closing of a $561.8 million term debt securitization known as Monroe Capital MML CLO XVI, LTD. The term financing was Monroe's fourth CLO completed since 2022 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. BNP Paribas served as the Lead Manager, Placement an.

Monroe Capital Closes $561.8 Million Collateralized Loan Obligation XVI

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a rating of BBB- to Monroe Capital Income Plus Corporation's (“MCIP” or “the company”) $204 million 7.47% senior unsecured notes due 2029. The notes comprise a $156 million tranche and a $48 million tranche with maturities of July 24, 2029, and September 18, 2029, respectively. The $156 million and $48 million tranches are expected to fund on July 24, 2024, and September 18, 2024, respectively. The rating Outlook is Stable. The proceeds will be used for t.

KBRA Assigns Rating to Monroe Capital Income Plus Corporation's $204 Million Senior Unsecured Notes due 2029

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CHICAGO, July 19, 2024 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that it will report its second quarter 2024 financial results on Wednesday, August 7, 2024, after the close of the financial markets.

Monroe Capital Corporation Schedules Second Quarter 2024 Earnings Release and Conference Call

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CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of National Manufacturing Co. ("National" or the “Company”) by PrecisionX Group, an existing portfolio company of CORE Industrial Partners (“CORE”). PrecisionX Group was formed in 2023 following two previous CORE acquisitions, GEM Manufacturing and Coining. Founded in 1944 and headquartered in Piscataway,.

Monroe Capital Supports PrecisionX Group's Acquisition of National Manufacturing Co.

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Summit Off Duty Services (“Summit”) by Security Services Holdings LLC ("Protos Security"), an existing portfolio company of Southfield Capital. Protos Security is a tech-enabled vendor managed security services provider in North America. Headquartered in Irving, TX, Summit is an off-duty police officer.

Monroe Capital Supports Protos Security's Acquisition of Summit Off Duty Services

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to four classes of debt issued by Monroe Capital ABS Funding II, LP ("MCAF 2024-1"), a securitization backed by a portfolio of recurring revenue and middle market corporate loans. This transaction is a reset of the Monroe Capital ABS Funding II, LP, which originally closed in February 2023. MCAF 2024-1 is a $528.4 million securitization managed by Monroe Capital Management Advisors, LLC (“Monroe” or the “Collateral Manager”), an affili.

KBRA Assigns Preliminary Ratings to Monroe Capital ABS Funding II, LP

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisitions of Shawnee Dumpster Services (“SDS”) and Sue's Recycling & Sanitation (“Sue's”) by Superior Waste Industries, LLC, d/b/a Superior USA Waste (“Superior”), an existing portfolio company of Red Dog Equity, LLC. Based in Shawnee, OK, Superior is an environmental service holding company. SDS is a solid was.

Monroe Capital Supports Superior Waste Industries, LLC's Add-On Acquisitions

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Clark Foam Corporation (“Clark Foam”) by Specialized Packaging Group (“SPG”), an existing portfolio company of Altamont Capital Partners. SPG is a leading vertically integrated provider of protective packaging products. Based in Illinois, Clark Foam provides custom-designed packaging solutions for a di.

Monroe Capital Supports Specialized Packaging Group's Acquisition of Clark Foam Corporation

ZeroFox Holdings Inc

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of ZeroFox Holdings, Inc. (“ZeroFox”) by private equity sponsor Haveli Investments. ZeroFox is an enterprise software-as-a-service provider of external cybersecurity. The ZeroFox platform combines advanced AI analytics, digital risk and privacy protection, full-spectrum threat intelligence, and a robust po.

Monroe Capital Supports Haveli Investments' Acquisition of ZeroFox

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as lead arranger and administrative agent on the funding of a senior credit facility to support the growth of Signal 88, LLC (“Signal Security”). Founded in 2003 and based in Omaha, NE, Signal Security is an operator of security and patrol services including mobile patrol, dedicated security guard services, concierge and camera monitoring and commercial and industrial solutions. Signal Security serves local communities b.

Monroe Capital Supports Growth of Signal 88, LLC

Monroe Capital (MRCC) has outperformed the BDC market despite my previous concerns about its risk profile. Yet, Q1 2024 earnings show a decrease in underlying NAV and a decline in adjusted net investment income, raising questions about dividend sustainability. The leverage has increased, making it the fourth most leveraged BDC, and a significant portion of the borrowings are based on cheap fixed rate financing which will inevitably increase the borrowing costs.

Monroe Capital: The Risks Are Still Too Excessive To Go Long

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as joint lead arranger on the funding of a senior credit facility to support the continued growth of The Smilist Management (“The Smilist”), an existing portfolio company of Zenyth Partners. Founded in 2014 and based in Great Neck, NY, The Smilist is a leading Northeast-focused dental support organization. The company supports over 60 locations with over 1,200 employees in New York, New Jersey, Connecticut, Delaware and.

Monroe Capital Supports Zenyth Partners' The Smilist Management

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of CargoBarn by Sheer Logistics, an existing portfolio company of Woodlawn Partners. Sheer Logistics is a premier provider of 4PL/Managed Transportation Services, value-based logistics, freight brokerage, TMS technology and Integration Platform as a Service (IPaaS) solutions purpos.

Monroe Capital Supports Sheer Logistics' Acquisition of CargoBarn

CHICAGO, June 03, 2024 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that its Board of Directors has declared a distribution of $0.25 per share for the second quarter of 2024, payable on June 28, 2024 to stockholders of record as of June 17, 2024. In October 2012, the Company adopted a dividend reinvestment plan that provides for reinvestment of distributions on behalf of its stockholders, unless a stockholder elects to receive cash prior to the record date. When the Company declares a cash distribution, stockholders who have not opted out of the dividend reinvestment plan prior to the record date will have their distribution automatically reinvested in additional shares of the Company's capital stock. The specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission.

Monroe Capital Corporation Announces Second Quarter Distribution of $0.25 Per Share

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Summit Professional Education (“Summit”) by Avathon Capital. Founded in 2004, Summit is a provider of in-person and online continuing and professional education ("CPE") courses for physical therapists and assistants, occupational therapists and assistants, and speech language pa.

Monroe Capital Supports Avathon Capital's Acquisition of Summit Professional Education

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support Dealer Services Network's (“DSN”) acquisition of Express OMV. DSN is an existing portfolio company of Frontenac. Based in South Florida, DSN is a technology-enabled provider of title and registration services for automotive retailers, rental car companies, consumers, and governmental agencies. The acquisition of Express O.

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