Monroe Capital to invest in secured debt via stock sale proceeds

By Toni Weeks

San Luis Obispo, Calif., July 17 - Monroe Capital Corp. is conducting a public offering of stock to raise about $56.2 million, according to a 497AD filing with the Securities and Exchange Commission.

The publicly traded specialty finance company seeks to maximize total return in the form of current income and capital appreciation by investing principally in senior, unitranche and junior secured debt and, to a lesser extent, unsecured debt and equity investments in middle-market companies.

The company plans to sell 4 million shares at $14.05 each. There is an over-allotment option for an additional 600,000 shares. Proceeds will be used to invest in portfolio companies and repay indebtedness and for general corporation purposes.

The offering is being conducted by a syndicate of underwriters led by joint bookrunners Robert W. Baird & Co. Inc., William Blair & Co., LLC and RBC Capital Markets, LLC.

Chicago-based Monroe Capital BDC Advisors, LLC is the investment adviser.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.