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Monroe Capital Agents $31.4MM Facility to Worldwise, Inc.

December 03, 2015, 07:56 AM
Filed Under: Manufacturing

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on a $31.4 million unitranche credit facility to support the recapitalization of Worldwise, Inc. and ongoing innovation and product development, as well as future acquisitions by private equity sponsor, Mistral Equity Partners.

Based in Novato, California and founded in 1990, Worldwise is a leading supplier of pet products including pet bedding, travel bags and accessories, cat toys, catnip, cat scratchers and dog toys. Worldwise’s products are sold throughout the world at over 30,000 doors across multiple retail channels, including mass merchandisers, grocery, drug, home/value, pet specialty, and e-commerce channels. The company's portfolio of brands include SmartyKat, TrustyPup, Petlinks, Hear Doggy!, Sherpa, and goDog. Worldwise recently acquired Quaker Pet Group and continues to look for strategic add-on acquisitions.

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, asset 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, 2014 and 2015 Small Middle Markets Lender of the Year, Private Debt Investor as the 2013 Unitranche Lender of the Year and the 2014 Senior Lender of the Year, and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year.

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