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Monroe Capital Provides $27.5MM to Gem Shopping Network

November 06, 2013, 07:56 AM
Filed Under: Retail

Monroe Capital LLC today announced the funding of a $27.5 million senior secured credit facility to support the acquisition of Gem Shopping Network, Inc., by an affiliate of Sun Capital Partners, Inc.

Based in Duluth, Georgia, Gem Shopping Network, Inc. is a retail business specializing in the sale of unique, high quality colored gemstones and jewelry, primarily through its live TV network. Founded in 1995, the company connects with its loyal and growing customer base through an engaging, interactive TV network that is broadcast via satellite, cable and over the internet, and reaches more than 40 million U.S. households.

Monroe Capital LLC is a leading provider of senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments.

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