Monroe Capital greenshoe lifts common stock offering to $59.36 million

By Tali David

Minneapolis, Aug. 23 - The over-allotment option on Monroe Capital Corp.'s public common stock offering was partially exercised, increasing the offering by $3.16 million, or 225,000 shares, according to an 8-K filing with the Securities and Exchange Commission.

The company priced $56.2 million, or 4 million shares, of the stock at $14.05 each on July 17. The total amount of stock sold is now $59.36 million.

As previously reported, Robert W. Baird & Co. Inc., William Blair & Co., LLC and RBC Capital Markets, LLC are the joint bookrunning managers.

Proceeds will be used to repay debt, to invest in portfolio companies and for general corporation purposes.

The Chicago-based 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.

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