Monroe Capital Corporation announced that its wholly-owned subsidiary, Monroe Capital Corporation SBIC, LP (“MCC SBIC”), has received approval for $75.0 million in additional debentures from the United States Small Business Administration (“SBA”). These debentures are available to MRCC due to the recently expanded maximum amount of SBA-guaranteed debentures that an affiliated group of SBIC funds (commonly referred to as a “family of funds”) can have outstanding. This maximum amount of debentures available to a family of funds was increased from $225.0 million to $350.0 million as a result of the 2016 omnibus spending bill approved by Congress and signed into law by the President in December 2015.

“We are very pleased to have received approval for an additional $75.0 million in SBA debentures for Monroe Capital Corporation’s wholly-owned MCC SBIC under the recently enacted increase in the SBA family of funds limit,” said Theodore L. Koenig, President and Chief Executive Officer of the Company. “We are continually focused on creating long-term value for our shareholders. Access to these additional low-cost SBA debentures offers a real tangible benefit in that it will allow us to continue to grow our portfolio over time.”

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.