Monroe Capital LLC announced the closing of a $305 million term debt securitization known as Monroe Capital MML CLO 2016-1, Ltd. The term financing was Monroe’s third CLO completed in the last two years, is secured by middle-market senior secured loans and has a four year reinvestment period.

Monroe sold securities rated from AAA through BBB. Monroe and its affiliates retained all of the BB securities and the Subordinated Notes in the transaction.  BNP Paribas served as the Lead Manager, Structuring Agent and Bookrunner. This transaction was structured to meet and comply with both the European risk retention guidelines as well as U.S. risk retention guidelines.

“We continue to see very strong interest in Monroe’s CLO platform, both in middle market and broadly syndicated senior secured loan assets.  Our investor base continues to expand in the U.S. and Europe,” said Ted Koenig, President and CEO of Monroe. “We are pleased to count several of our existing CLO investors in this transaction as well as many new investors.”

Jeremy VanDerMeid, Managing Director of Monroe, said, “We were pleased to work with BNP Paribas on this transaction and appreciate the execution that we received.  We 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, asset-based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe has been recognized by Global M&A Network as the 2015, 2014, and 2013 Small Middle Markets Lender of the Year; Private Debt Investor as the 2015 Lower Mid-Market Lender of the Year, the 2014 Senior Lender of the Year, and the 2013 Unitranche Lender of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year.