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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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 (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the growth and add-on acquisitions of Bridgeport and Newman Whitney (“Newman”) by InCompass™, an existing portfolio company of independent sponsor TJM Capital Partners. Based in Maple Grove, MN, InCompass designs and manufactures a broad variety of machine tools, abrasive grinding, and precision finishing machines and par.

Monroe Capital Supports TJM Capital Partners' InCompass™ Add-on Acquisitions

Monroe Capital is a small BDC and relatively unpopular one with a market cap of ~$150 million providing financing for companies in the US and Canada. Portfolio-wise the structure is quite conventional with ~80% located in first lien and a nice distribution among various sectors without any major focus into speculative areas. Yet, the fact that MRCC has one of the most indebted balance sheets and fully exhausted dividend coverage renders this investment overly speculative, even considering 14.4% yield.

Monroe Capital: 3 Reasons To Avoid This BDC

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 refinancing of Expedited Travel, an existing portfolio company of Carousel Capital Partners. Founded in 2007 and based in West Palm Beach, Florida, Expedited Travel is a leading provider of expedited travel document processing services, including passport renewal and Visas. The company provides passport and Visa servi.

Monroe Capital Supports Carousel Capital Partners' Expedited Travel

Monroe Capital trades at a 26% discount to its net asset value, with persistent NAV headwinds affecting total returns. Investment income is declining as the BDC currently pays out 100% of NII. Credit underwriting is stable, but payment-in-kind income is rising, and the dividend could be reduced once the Fed starts cutting interest rates.

Monroe Capital: Limit Your Exposure To This 14% Yield

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as administrative agent and sole lead arranger on the funding of a senior credit facility and equity co-investment to support the acquisition of Silversand Services (“Silversand”) and SLI Landscape (“SLI”) by private equity sponsor Lincoln Road. Silversand and SLI will be combined with Lincoln Road's existing portfolio company, Zodega Landscaping (collectively, “Silversand Services” or the “Company”). The Company provide.

Monroe Capital Supports Lincoln Road's Acquisition of Silversand Services and SLI Landscape

Monroe Capital (NASDAQ:MRCC ) Q3 2023 Earnings Conference Call November 9, 2023 11:00 AM ET Company Participants Ted Koenig - Chairman & Chief Executive Officer Mick Solimene - Chief Financial Officer & Chief Investment Officer Alex Parmacek - Deputy Portfolio Manager Conference Call Participants Christopher Nolan - Ladenburg Thalmann Robert Dodd - Raymond James Operator Welcome to Monroe Capital Corporation's Third Quarter 2023 Earnings Conference Call. Before we begin, I would like to take the moment to remind our listeners that remarks made during this call today may contain certain forward statements -- forward-looking statements, including statements regarding our goals, strategies, beliefs, future financial operating results and cash flows.

Monroe Capital (MRCC) Q3 2023 Earnings Call Transcript

CHICAGO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (Nasdaq: MRCC) (“Monroe”) today announced its financial results for the third quarter ended September 30, 2023.

Monroe Capital Corporation BDC Announces Third Quarter 2023 Results

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as administrative agent and sole lead arranger on the funding of a senior credit facility and equity co-investment to support the acquisition of Central Moloney (“CMI”) by private equity sponsor, Wind Point Partners. Founded in 1949 and based in Pine Bluff, Arkansas, CMI is a leading manufacturer of critical infrastructure products for the U.S. electrical grid, including distribution transformers and associated component.

Monroe Capital Supports Wind Point Partners' Acquisition of Central Moloney

Gladstone Investment

Main Street Capital

Business development companies, or BDCs, typically have high dividend yields, as they are required to distribute nearly all of their earnings to shareholders. BDCs receive favorable tax treatment, and, in return, they aren't allowed to retain earnings in the same way other companies are.

3 Business Development Companies Yielding Over 7%

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) was selected to be featured on Inc.'s fifth annual Founder-Friendly Investors list in the debt firm category. The list honors firms with the best track records of success backing entrepreneurs, who remain actively involved with the businesses they invest in, and that have earned the trust of the entrepreneurs they support to help drive growth. Introduced in 2019, the Founder-Friendly Investors list quickly established itself as one of Inc.

Monroe Capital Named to Inc.'s 2023 List of Founder-Friendly Investors

CHICAGO, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that it will report its third quarter 2023 financial results on Wednesday, November 8, 2023, after the close of the financial markets.

Monroe Capital Corporation Schedules Third Quarter 2023 Earnings Release and Conference Call

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of ClearCompany Holdings, Inc. (“ClearCompany”) by an affiliate of private equity sponsor, Gemspring Capital Management, LLC (“Gemspring”). ClearCompany is a complete Talent Management software platform, offering solutions to streamline talent acquisition, performance management, employee engagement, and analytics,.

Monroe Capital Supports Gemspring Capital's Acquisition of ClearCompany

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisitions of JM Zoning and Project Expediters Consulting Corp. (PECC), by Milrose Consulting, Inc. (“Milrose”). Milrose is an existing portfolio company of Southfield Capital. Based in New York City, Milrose is the leading national provider of building code compliance, fulfillment, and consulting solutions spanning a broad sp.

Monroe Capital Supports Southfield Capital's Milrose Consulting Inc. Add-on Acquisitions

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns issuer and senior unsecured debt ratings of BBB- to Monroe Capital Income Plus Corporation ("MCIP" or "the company"). The rating Outlook is Stable. The ratings and Stable Outlook are supported by MCIP's ties to Monroe Capital LLC's $17.2 billion private credit lending platform, along with SEC exemptive relief to co-invest among affiliated companies, and its diversified $1.8 billion investment portfolio of 171 middle market companies with the majority of i.

KBRA Assigns Ratings to Monroe Capital Income Plus Corporation

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Protective Packaging Solutions (“PPS”) by Specialized Packaging Group (“SPG”). SPG is an existing portfolio company of Altamont Capital Partners. Based in Aurora, CO, PPS is a leading designer and fabricator of custom engineered packaging solutions for applications across a diverse array of end markets and a nati.

Monroe Capital Supports Specialized Packaging Group's Acquisition of Protective Packaging Solutions

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the purchase of minority ownership in GSTV, an existing portfolio company of Rockbridge Growth Equity. GSTV is a data-driven, national video network delivering content, programming, and advertising to targeted audiences to over 28,000 fuel retailers, reaching one in three American adults monthly. While offering consumers entertainin.

Monroe Capital Supports Rockbridge Growth Equity's Purchase of Minority Ownership of GSTV

Monroe Capital is paying its common shareholders a 13.5% dividend yield. The $0.25 per share quarterly distributions have remained stable for the last 3 years with the BDC paying out 92.6% of its fiscal 2023 second-quarter net investment income. Net asset value declined during the second quarter by $0.45, with the BDC currently trading at a 25% discount to NAV.

Monroe Capital: The 13.5% Yield Is Safer But NAV Is Still Falling

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Lightwave Dental (“Lightwave”) by Lindsay Goldberg, a NY based leading private investment firm. Founded in 2016 and based in Woodbridge, Virginia, Lightwave is a dental services organization (“DSO”) that offers centralized shared services to affiliated clinics including finance & accounting, recruiting, patie.

Monroe Capital Supports Lindsay Goldberg's Acquisition of Lightwave Dental

Monroe Capital (NASDAQ:MRCC ) Q2 2023 Results Conference Call August 10, 2023 11:00 AM ET Company Participants Ted Koenig - Chief Executive Officer Mick Solimene - Chief Financial Officer & Chief Investment Officer Alex Parmacek - Deputy Portfolio Manager Conference Call Participants Christopher Nolan - Ladenburg Thalmann Operator Welcome to Monroe Capital Corporation's Second Quarter 2023 Earnings Conference Call. Before we begin, I would like to take a moment to remind our listeners that remarks made during this call may contain certain forward-looking statements, including statements regarding our goals, strategies, beliefs, future potential, operating results and cash flows.

Monroe Capital (MRCC) Q2 2023 Earnings Call Transcript

Monroe Capital (MRCC) came out with quarterly earnings of $0.28 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.25 per share a year ago.

Monroe Capital (MRCC) Q2 Earnings Match Estimates

CHICAGO, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (Nasdaq: MRCC) (“Monroe”) today announced its financial results for the second quarter ended June 30, 2023.

Monroe Capital Corporation BDC Announces Second Quarter 2023 Results

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC announced it acted as joint lead arranger on the funding of a senior credit facility to support the acquisition of MEI Rigging & Crating (“MEI”) by Olympus Partners. Based in Albany, Oregon, MEI is a national industrial services provider of rigging & machinery moving, millwrighting & mechanical installation, industrial storage, and crating & export packing. MEI operates a network of 12 regional offices across the U.S. to service local.

Monroe Capital Supports Olympus Partner's Acquisition of MEI Rigging & Crating

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC today announced the expansion of its technology finance originations group with the addition of Jeff Kaye as Managing Director, based in Chicago. He is responsible for originating, structuring, and executing new investments within the software and technology sector. Prior to Monroe, Jeff was a Managing Director at Wells Fargo Capital Finance in its Financial Sponsor Coverage group where he was responsible for originating recurring revenue (ARR) and c.

Monroe Capital Expands Technology Finance Group with Jeff Kaye Hire

CHICAGO, July 31, 2023 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that it will report its second quarter 2023 financial results on Wednesday, August 9, 2023, after the close of the financial markets.

Monroe Capital Corporation Schedules Second Quarter 2023 Earnings Release and Conference Call

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the continued growth of Aduro Advisors, LLC (“Aduro”), an existing portfolio company of PPC Enterprises. Founded in 2012, Aduro is a premier fund administrator offering fund operations, accounting & investor reporting services to venture capital and private equity firms. In addition to its service offerings, the company has deve.

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