Monroe Capital Corporation, announced today that the company and its wholly-owned subsidiary, Monroe Capital Corporation SBIC, LP ("MRCC SBIC"), received an exemptive order from the Securities and Exchange Commission allowing the Company to exclude debt securities issued by MRCC SBIC from the asset coverage requirements of the Investment Company Act of 1940, as applicable to the Company.
This exemptive order provides the Company with expanded capacity and flexibility in obtaining future sources of capital for its investment and operational objectives.
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. The Company's investment activities are managed by its investment adviser, Monroe Capital BDC Advisors, LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended, and an affiliate of Monroe Capital LLC.
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.