Monroe Capital LLC announced the closing of a $456.34 million term debt securitization known as Monroe Capital MML CLO VIII, LTD. The term financing was Monroe’s third CLO completed in the last 15 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.

“Our middle market CLO business remains a critical component to the broader Monroe platform,” said Jeremy VanDerMeid, Portfolio Manager of Monroe. “We continue to see strong demand from investors around the world as our middle market CLOs offer investors a unique entry point to access the U.S. middle market.  We were pleased to work with Deutsche Bank on this transaction and we look forward to continuing the growth of our middle market CLO platform.”