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Monroe Capital Provides $35MM to Philadelphia Area Radio Station

January 12, 2016, 08:17 AM
Filed Under: Media

Monroe Capital LLC acted as sole lead arranger and administrative agent on a $35 million senior credit facility to support the recapitalization of 101.1 More FM/WBEB by a fund affiliated with Equity Group Investments.
101.1 More FM/WBEB is a nationally known radio station that operates in the Philadelphia market. It has been a top-ranking station in the market since the early 1970s and broadcasts an adult contemporary format.

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 2015, 2014, and 2013 Small Middle Markets Lender of the Year, Private Debt Investor as the 2014 Senior Lender of the Year and the 2013 Unitranche 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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