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Monroe Capital Expands Syndicated Credit Facility to $55 Million

November 12, 2012, 07:46 AM

Monroe Capital Corporation announced that loan commitments on its syndicated credit facility led by ING Capital have increased by $30 million to $55 million, and that four new lenders have joined the facility.

According to Theodore L. Koenig, president and chief executive officer of the company, "We are very pleased that we could upsize our credit facility so quickly after our initial public offering. We look forward to continuing to create value for our shareholders."

The company is a newly-organized, externally-managed, non-diversified closed-end management investment company that has filed an election to be treated as a business development company under the Investment Company Act of 1940, as amended, and as a regulated investment company (RIC) for tax purposes.

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