Monroe expands loan business, partnering with specialty finance companies and financial institutions

By Sara Rosenberg

New York, Oct. 24 - Monroe Capital LLC expanded its senior term loan business platform to partner with specialty finance companies and financial institutions serving middle-market borrowers and private equity firms, according to a company news release.

The senior term loan business platform was established as a non-competitive "buy and hold" lender.

Monroe has been targeting middle-market senior secured leverage loans and will also invest in large leveraged loans, second-lien loans and last-out participations of senior debt.

"We believe we can be and have been a real value-added, non-competitive partner for banks and non-bank lenders for small leveraged loan transactions on a new issue basis as well as for post-closing, secondary market purchases," said Theodore L. Koenig, president and chief executive officer of Monroe, in the release.

"Our goal is to become a preferred business partner for co-lending situations that otherwise may be too small for the traditional syndicated loan market."

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