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Monroe Capital Provides $20MM Facility to Cytovance Biologics

October 28, 2014, 07:53 AM
Filed Under: Biologics

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a $20 million senior credit facility to support the growth of Cytovance Biologics, Inc. by private equity sponsor, Great Point Partners.

Based in Oklahoma City, Oklahoma, Cytovance is a contract manufacturing organization (“CMO”) of mammalian and microbial biologics. The company works with biotechnology and pharmaceutical companies in the development and manufacturing of proteins, antibodies, and cell-based therapeutic products. Cytovance supports its customers from clinical development to commercial launch in domestic and international markets.

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.

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