Monroe Capital announced the closing of a $358 million term debt securitization known as Monroe Capital CLO 2014-1, Ltd.  The term financing was Monroe’s first CLO since the financial crisis and is secured mostly by middle-market senior secured loans and has a four-year reinvestment period.

Monroe sold securities rated from AAA through BB as well as equity interests while retaining some of the equity itself.  Deutsche Bank served as the Lead Manager, Structuring Agent and Bookrunner. This transaction was believed to be one of the first middle-market CLO transactions structured to meet and comply with the new European risk retention guidelines.

“Strong interest in Monroe’s CLO platform confirms expanding investor recognition of our national direct loan origination business and proven risk management practices,” said Ted Koenig, President and CEO of Monroe. “We are pleased to count many of our pre-crisis, well regarded CLO investors in this new transaction as well as many new investors.”

Jeremy VanDerMeid, Managing Director of Monroe, said, “We were pleased to work with Deutsche Bank on this transaction.  We intend to be active in this business and look forward to future transactions with our investor partners.”

Monroe Capital LLC is a leading provider of senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly.