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Monroe Capital Provides $15.5MM Senior Secured Credit Facility to EBS

June 17, 2014, 07:34 AM
Filed Under: Healthcare

Monroe Capital LLC announced the funding of a $15.5 million senior secured credit facility to support the acquisition of Employee Benefit Solutions, Inc. (“EBS”) by Pharos Capital Group, LLC.

Based in White Plains, New York, EBS is a leading provider of healthcare cost containment and wellness programs for small and mid-sized employers. EBS is best known for its primary product, the Difference Card™, an employer-funded debit card programmed for reimbursement of approved out-of-pocket employee healthcare expenditures. This transaction is representative of Monroe Capital’s extensive capabilities in its healthcare vertical.

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. Monroe has been recognized by Global M&A Network as the 2013 Small Mid Market Lender of the Year and by Private Debt Investor as the 2013 Unitranche Lender of the Year.

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