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Monroe Capital Provides $25MM to Cyalume Technology Holdings

May 21, 2015, 08:04 AM
Filed Under: Manufacturing

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a $25 million unitranche credit facility to support the future growth of Cyalume Technology Holdings, Inc. (“Cyalume”).
“We are pleased to announce the closing of this new credit agreement with Monroe and we are encouraged by our shared belief in our vision for the business as we enter a growth phase for Cyalume,” said Zivi Nedivi, President & CEO. “By locking in flexible, long-term debt, we have given ourselves an ample runway to focus on several new opportunities to grow our business. Over the last several months, we worked with the Monroe team to create a capital structure that aligns well with our near and long term strategy to continue building upon Cyalume’s improved financial performance, as recently reported.”
Based in Fort Lauderdale, Florida, Cyalume designs and manufactures non-pyrotechnic tactical products and training solutions for the world's militaries and law enforcement agencies, as well as for certain safety markets. Cyalume is the exclusive supplier to the U.S. and NATO-country militaries for all of their chemical light needs and operates manufacturing facilities in the U.S. and France. Through its subsidiary Cyalume Specialty Products, Cyalume also manufactures specialty chemical components for various markets.
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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