Monroe Credit Advisors placed a $23 million senior secured credit facility for Skyline Windows, LLC, a Merit Capital Partners portfolio company. Skyline is a leading manufacturer and installer of high quality aluminum windows and window systems, primarily serving the complex high-rise commercial and residential market in the Northeast. Proceeds of the facility were used to refinance existing debt.
Brent Krambeck, Co-Managing Partner of Monroe Credit Advisors, said, “We are pleased that we were able to deliver a debt solution that enables Skyline to support its near-term growth objectives while also lowering the company’s overall cost of capital. We certainly appreciate the opportunity to work with the Merit Capital and Skyline management teams and look forward to their continued success.”
Dan Pansing, a Managing Director at Merit Capital Partners, said, “Monroe did an excellent job advising our team on a number of potential debt structures and delivering a variety of options for us to consider. Through its managed process, the Monroe team efficiently drove interest across various structures and successfully guided the management team through the complexities of the transaction. They were also instrumental in negotiating the credit terms and driving the transaction to close.”
The Chicago-based advisory firm continues its strong track record of delivering optimal results for financial sponsors who are seeking to outsource the debt capital raising process for their prospective and existing platform investments. Krambeck adds, “This transaction is another great example of how private equity sponsors can optimize debt financing by partnering with our team. Our expertise within the debt capital markets, broad network of relationships and tailored placement process allows us to consistently deliver value-added solutions for our clients in an efficient and cost-effective manner.”
Monroe Credit Advisors, the investment banking affiliate of middle market lender, Monroe Capital, provides debt capital solutions to middle market companies and their investors through strategies built for today's dynamic credit markets. The firm advises on structuring and arranging credit through its relationships with a broad spectrum of debt providers including banks, commercial finance companies, debt investment funds and leasing companies. The firm’s experienced team of leveraged finance professionals approaches the market with a lender's perspective, delivering to its clients real time market intelligence and structuring expertise that results in significant savings of time and money, as well as increased certainty of execution.