-

Monroe Capital Closes $502.5 Million Collateralized Loan Obligation XIV

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) today announced the closing of a $502.5 million term debt securitization known as Monroe Capital MML CLO XIV, LTD. The term financing was Monroe's second new CLO completed in 2022 and is secured by a portfolio of middle market senior secured loans.

Monroe sold securities rated from AAA through BB as well as Subordinated Notes. Monroe and its affiliates retained a majority of the Subordinated Notes in the transaction. BNP Paribas served as the Lead Manager, Structuring Agent and Bookrunner. This transaction was structured to meet and comply with both the European risk retention guidelines as well as U.S. risk retention guidelines.

“This was a nice execution and we were very pleased to work with BNP Paribas. We were able to upsize the CLO due to strong investor demand,” said Jeremy VanDerMeid, Portfolio Manager of Monroe. “Our ability to blend proprietary directly originated deal flow with the traditional middle market syndicated transactions continues to create a unique, diversified portfolio for CLO investors.”

Monroe’s CLO platform has over $4.3 billion assets under management (“AUM”) with 13 active middle market CLO vehicles. Monroe has a proven 19-year track record as both a middle market and broadly syndicated CLO manager with the same senior investment team and portfolio manager, having successfully navigated multiple credit cycles.

The firm has approximately $14.1 billion AUM and a diversified private credit platform of 35+ vehicles comprised of direct lending and opportunistic credit funds, publicly traded and private BDCs, separately managed accounts, and CLOs.

About Monroe Capital

Monroe Capital LLC (“Monroe”) is a premier boutique asset management firm specializing in private credit markets across various strategies, including direct lending, asset-based lending, specialty finance, opportunistic and structured credit, and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Los Angeles, Miami, Naples, New York, San Francisco, and Seoul. For more information, please visit www.monroecap.com.

Contacts

Zia Uddin
Monroe Capital LLC
312-523-2374
zuddin@monroecap.com

Margaret Chase
BackBay Communications
617-391-0790 ext. 123
Margaret.chase@backbaycommunications.com

Monroe Capital LLC


Release Versions

Contacts

Zia Uddin
Monroe Capital LLC
312-523-2374
zuddin@monroecap.com

Margaret Chase
BackBay Communications
617-391-0790 ext. 123
Margaret.chase@backbaycommunications.com

More News From Monroe Capital LLC

Monroe Capital, PM Alpha and EBW Capital Launch Exchange Traded Note Linked to Monroe Capital's Direct Lending Strategy

CHICAGO & LONDON--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”), a premier asset management firm specializing in private credit markets, today announced the launch of an Exchange Traded Note (“ETN”) program that gives qualified international investors access to Monroe’s lower middle-market direct lending strategy. The program was developed with PM Alpha, a digital private markets platform, which provided the structuring framework and platform technology behind the note, and EBW Capital, which...

Terra Secures $183.75 Million Refinancing for The Offices at THE WELL Bay Harbor Islands From Monroe Capital’s Real Estate Platform

MIAMI--(BUSINESS WIRE)--Terra, one of South Florida’s leading real estate development firms, has secured a $183.75 million loan from Monroe Capital's Real Estate Platform, the real estate finance platform of private credit asset manager Monroe Capital, to refinance The Offices at THE WELL Bay Harbor Islands, the recently completed Class A office component of Terra’s wellness-focused mixed-use development in Bay Harbor Islands. Walker & Dunlop Capital Markets Institutional Advisory, led by Ke...

Monroe Capital Supports Battery Ventures’ Investment in Phigenics

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 investment in Phigenics by private equity sponsor Battery Ventures. Founded in 2004 and headquartered in Warrenville, IL, Phigenics delivers an integrated, tech-enabled solution that helps healthcare facilities and others mitigate the risk of Legionella and other waterborne pathogen outbreaks. The company operates acc...
Back to Newsroom