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Monroe Capital Announces $81MM in New Originations for Fourth Quarter 2012

Date: Jan 11, 2013 @ 08:02 AM
Filed Under: Industry News

Monroe Capital announced that it originated $81 million in new investment commitments during the fourth quarter ended December 31, 2012. Of these commitments, approximately $78.6 million were funded investments. These investments were made among 16 different portfolio companies and included one add-on investment with an existing borrower. Approximately 65.6% of the new funded investments were unitranche loans, 19.1% were senior secured investments, 14.9% were junior secured investments and 0.3% were equity securities. Overall, total funded investments in portfolio companies at par value increased by $66.7 million during the quarter ended December 31, 2012 after factoring in debt repayments. As of December 31, 2012, the company's portfolio consisted of approximately $134.3 million par value of funded investments among 28 different portfolio companies.

"December was a very active month for new originations, as many borrowers sought to complete transactions before the end of the year. Our pipeline remains robust and we expect continued strong deal flow in 2013," commented Theodore L. Koenig, president and chief executive officer of Monroe Capital Corporation.

Monroe Capital Corporation is a publicly-traded specialty finance company that principally invests 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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