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Monroe Capital Closes $454.35MM Collateralized Loan Obligation Transaction

November 14, 2019, 08:55 AM
Filed Under: Securitization

Monroe Capital LLC announced the closing of a $454.35 million term debt securitization known as Monroe Capital MML CLO IX, LTD. The term financing was Monroe’s fourth CLO completed since March 2018 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. BNP Paribas 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 were pleased to work with new and existing investors on this middle market CLO,” 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 look forward to continuing the growth of our middle market CLO platform.”

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