Monroe Capital Corporation, a business development company announced the successful amendment of its bank revolving credit facility led by ING Capital LLC.

The amended facility includes an increase in the size of the current revolver commitments to $110 million from $95 million, and an expansion of the accordion feature to $200 million from $100 million, to facilitate future expansion in order to accommodate growth for the BDC. The amended facility reduces pricing by 50 basis points, to LIBOR plus 3.25% per annum, with a further step-down to LIBOR plus 3.00% when equity capitalization exceeds $175 million. The amended facility has a four-year maturity, extending the maturity date from October 21, 2016 to December 19, 2017. The amended facility also includes more flexible terms regarding eligible collateral.

Theodore L. Koenig, president and chief executive officer of the company stated, "We are pleased to have amended our BDC bank credit facility to increase its capacity at a lower interest cost. The changes in the credit facility reflect the growth in Monroe's platform and the overall quality of our portfolio. The amended facility provides us the flexibility to continue to grow our portfolio over time and to deliver long term value to our shareholders."

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.