Deal prices at 2.62% discount to company’s closing price Tuesday
By Susanna Moon
Chicago, April 15 – Monroe Capital Corp. said it priced a $36.4 million public offering of shares. The deal includes a 30-day over-allotment option for another 367,500 shares, or $5.46 million.
The company will sell 2.45 million shares at a price of $14.85 per share, which is a 2.62% discount to the company’s closing price Tuesday.
Proceeds will be used to repay debt, to invest in portfolio companies and for other general corporate purposes.
Robert W. Baird & Co. Inc., William Blair & Co., LLC, Janney Montgomery Scott LLC and Oppenheimer & Co. Inc. are joint bookrunning managers.
Chicago-based Monroe Capital is a publicly traded specialty finance company that principally invests in senior, unitranche and junior secured debt and, to a lesser extent, unsecured subordinated debt and equity investments in middle-market companies.
| Issuer: | Monroe Capital Corp.
|
| Issue: | Common stock
|
| Amount: | $36,382,500
|
| Greenshoe: | $5,457,375
|
| Shares: | 2.45 million
|
| Price: | $14.85
|
| Warrants: | No
|
| Bookrunners: | Robert W. Baird & Co. Inc., William Blair & Co., LLC, Janney Montgomery Scott LLC and Oppenheimer & Co. Inc.
|
| Co-managers: | Ladenburg Thalmann & Co. Inc., BB&T Capital Markets, Wunderlich Securities, Inc., MLV & Co. LLC and National Securities Corp.
|
| Pricing date: | April 15
|
| Settlement date: | April 20
|
| Stock symbol: | Nasdaq: MRCC
|
| Stock price: | $15.25 at close April 14
|
| Market cap: | $146.68 million
|
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