Monroe Capital to redeem 2023 notes, repay borrowings via new notes

By Taylor Fox

New York, Jan. 15 – Monroe Capital Corp. plans to redeem all of its outstanding 5.75% notes due 2023 and to repay a portion of the amount outstanding under its credit facility using proceeds from a $130 million public offering of 4.75% notes due 2026, according to a news release.

As of Jan. 12, the company had $114.9 million of outstanding indebtedness under its credit facility.

Monroe may reborrow under its credit facility and use those funds to invest in lower middle-market companies in accordance with its investment objective and strategies and for working capital and general corporate purposes.

Monroe Capital is a Chicago-based middle-market investment company.

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