Monroe Capital Corporation announced that current loan commitments on its syndicated credit facility led by ING Capital LLC have increased by $25 million to $135 million. As previously disclosed, the Company's revolving credit facility can expand up to a total of $200 million in commitments pursuant to an accordion feature.
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. The Company's investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation.
Monroe Capital LLC is a 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.