CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a $100 million senior credit facility to support the acquisition of Echelon Group (a d/b/a of MedLien Manager, LLC) and future growth of its successor Echelon Medical Capital, LLC (“Echelon”), a portfolio company of DRB Financial Solutions, LLC (“DRB”). In addition, the credit facility also supports the continued growth of its affiliated company US Claims.
Based in South Florida, DRB is a diversified, multi-asset specialty finance company providing liquidity solutions to individuals and businesses across several niche areas including structured settlements, litigation finance, bankruptcy trade claims, and commission advances. This transaction supports the addition of Echelon, a specialty finance company engaged in purchasing accounts receivable related to medical liens and insurance receivables from medical providers.
This transaction represents Monroe Capital’s continued expansion of its specialty finance vertical. Since formally launching less than one year ago, Monroe Capital’s specialty finance team has executed nearly $300 million of transactions.
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, asset 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 Private Debt Investor as the 2016 Lower Mid-Market Lender of the Year; M&A Advisor as the 2016 Lender Firm of the Year; Global M&A Network as the 2016 Small Middle Markets Lender of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. To learn more about Monroe Capital LLC, visit www.monroecap.com.