Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a $25 million asset-based facility to refinance the existing debt facility and provide working capital for Betteridge Jewelers, Inc.
Founded in 1897 and based in Greenwich, Connecticut, Betteridge is a premier jeweler and watch retailer selling many of the world’s most luxurious brands. The company operates stores in Greenwich, Connecticut; Palm Beach, Florida; Vail, Colorado; and Aspen, Colorado.