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Monroe Capital Closes $412MM Collateralized Loan Obligation Transaction

May 29, 2015, 08:00 AM
Filed Under: Industry News

Monroe Capital LLC announced the closing of a $412 million term debt securitization known as Monroe Capital BSL CLO 2015-1.  The term financing was Monroe’s second CLO completed in the last six months and is secured mostly by broadly syndicated senior secured loans and has a 4 year reinvestment period.
Monroe sold securities rated from AAA through B.  Monroe and its affiliates retained all of the Subordinated Notes in the transaction.  BNP Paribas served as the lead manager, structuring agent and bookrunner. This transaction was structured to meet and comply with the new European risk retention guidelines as well as the proposed U.S. risk retention guidelines.
“We continue to see very strong interest in Monroe’s CLO platform, both in middle market and broadly syndicated senior secured loan assets.  Our investor base continues to expand in the U.S. and Europe,” said Ted Koenig, President and CEO of Monroe. “We are pleased to count several of our existing CLO investors in this transaction as well as many new investors.”
Jeremy VanDerMeid, Managing Director of Monroe, said, “We were pleased to work with BNP Paribas on this transaction and appreciate the execution that we received.  We look forward to future transactions with our investor partners.”

See also:  Fitch Rates Monroe Capital BSL CLO 2015-1, Ltd./LLC

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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