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Monroe Capital Provides $80MM Credit Facility to National Credit Center

January 16, 2018, 07:25 AM
Filed Under: Software

Monroe Capital and SNH Capital Partners I, LP announced the funding of an $80 million senior credit facility to National Credit Center (NCC), an SNH portfolio company. Monroe acted as sole lead arranger and administrative agent on the funding of the transaction.
Based in Las Vegas, Nevada and founded in 1996, NCC is a leading provider of comprehensive data, software and marketing solutions that enable automotive dealers to increase sales, drive user engagement, and improve operational efficiencies. NCC’s state-of-the-art data solutions include a range of credit and compliance solutions; its automotive software solutions include TradeVue, CreditVue and EZ APP.
“Monroe delivered a first-rate source of liquidity for NCC to execute on its strategic initiatives and for our investors,” remarked Jevin Sackett, CEO and Managing Director at SNH.
“Monroe is excited to partner with SNH on this transaction. Monroe has built an outstanding track record in providing financial sponsors with debt capital on the best, risk-adjusted market terms,” commented Ted Koenig, President & CEO at Monroe.

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