Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Rita’s Italian Ice & Frozen Custard (“Rita’s”) by Maple Park Capital Partners.
Founded in 1984 and based in Trevose, Pennsylvania, Rita’s is a franchisor of Italian ice and custard shops. The company has over 575 locations across 30 states primarily in the mid-Atlantic region including Pennsylvania, New Jersey, and Maryland.