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Monroe Capital Provides $20.8MM Unitranche Credit Facility to Gracelock Industries

May 08, 2014, 07:44 AM
Filed Under: e-Commerce

Monroe Capital LLC announced the funding of a $20.8 million unitranche credit facility to support the growth of Gracelock Industries.

Based in Los Angeles, Gracelock Industries is a privately held e-commerce provider to the marine, power sports, and home décor industries with operations throughout North America. Gracelock’s state-of-the-art logistics technology provides a superior experience for its consumers, suppliers and manufacturers.

Monroe Capital continues to expand its technology and e-commerce financing platform. Gracelock represents a good example of Monroe utilizing its unitranche product to provide a complete financing solution to a growing e-commerce company.

Monroe Capital is a private investment firm providing 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. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly.

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