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Monroe Capital Provides $25MM Facility to Diesel Direct

February 18, 2015, 07:40 AM
Filed Under: Fuel & Petroleum

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a $25 million credit facility to support the shareholder buyout and growth initiatives of Diesel Direct.
Based in Stoughton, Massachusetts, Diesel Direct is a specialized distributor of diesel fuel to businesses across the United States. The company provides on-site fueling solutions and related services to end users of diesel fuel. Diesel Direct offers its customers the ability to manage their fuel costs through its proprietary BARLOC® system and their dedicated delivery fleet of specialized trucks.
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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