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Monroe Capital Closes $456.30MM Term Debt Securitization

March 20, 2018, 07:30 AM
Filed Under: Securitization

Monroe Capital LLC announced the closing of a $456.30 million term debt securitization known as Monroe Capital MML CLO VI, LTD. The term financing was Monroe’s second CLO completed in the last twelve months and is secured by a portfolio of middle market senior secured loans.
Monroe sold securities rated from AAA through BB. Monroe and its affiliates retained a majority of the Subordinated Notes in the transaction. Deutsche Bank served as the Lead Manager, Structuring Agent and Bookrunner. This transaction was structured to meet and comply with both the European risk retention guidelines as well as U.S. risk retention guidelines.
“We continue to see very strong interest in Monroe’s CLO platform. Our investor base continues to expand in the U.S., Europe and Asia,” said Ted Koenig, President and CEO of Monroe. “We are pleased to count many of our existing CLO investors in this transaction as well as several new investors.”
Jeremy VanDerMeid, Managing Director of Monroe, said, “We were pleased to work with Deutsche Bank on this transaction and appreciate the strong demand that we received. We look forward to future transactions with our existing and new investor partners.”

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