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Monroe Capital Corp. Receives Approval for Subsidiary’s SBIC License

March 03, 2014, 07:51 AM
Filed Under: Industry News

Monroe Capital Corporation, a business development company, today announced that its wholly-owned subsidiary, Monroe Capital Corporation SBIC, LP ("MCC SBIC"), has received approval for a license from the United States Small Business Administration ("SBA") to operate a Small Business Investment Company ("SBIC").

"We are very pleased to have received approval for an SBIC license for Monroe Capital Corporation," said Theodore L. Koenig, President and Chief Executive Officer of the Company. "We are continually focused on creating long-term value for our shareholders. The receipt of the SBIC license offers a real tangible benefit in that it will provide us a source of attractive, long-term, fixed rate financing."

Monroe Capital Corporation is a publicly-traded specialty finance company that principally invests in senior, unitranche and junior secured debt and, to a lesser extent, unsecured debt and equity investments in middle-market companies. The company's investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation. The company's investment activities are managed by its investment adviser, Monroe Capital BDC Advisors, LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended, and an affiliate of Monroe Capital LLC.

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