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Monroe Capital Supports New Water’s Acquisition of The Worth Collection

October 11, 2016, 07:46 AM
Filed Under: Apparel

Monroe Capital announced it acted as sole lead arranger and administrative agent on the funding of a senior term loan to support the acquisition of The Worth Collection, Ltd. (“Worth”) by private equity sponsor, New Water Capital, L.P.
Based in New York, New York, Worth is a direct-to-consumer luxury and contemporary women’s apparel business. The company designs and sells two distinct brands, Worth New York and W by Worth, through a multi-channel distribution model consisting of appointments at a Worth representative’s, or “stylist’s” home, exclusive company-owned showrooms, and various travel trunk shows throughout the country and online.

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.

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