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Monroe Capital Agents Credit Facility in Ashley Stewart Acquisition

June 14, 2016, 08:04 AM
Filed Under: Retail

Monroe Capital announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility (including an undrawn revolving credit facility) to support the acquisition of Ashley Stewart, Inc. by its senior management and an affiliate of The Invus Group LLC.

Ashley Stewart, Inc., founded in 1991 and based in Secaucus, NJ, is a leading global lifestyle brand for plus size women’s fashion. The company offers fashionable, on-trend clothing at affordable prices through its website, social media platforms, and 89 retail store locations across the United States.

This transaction is a representative example of Monroe’s extensive capabilities in the retail and consumer products industry.

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 2015 Lower Mid-Market Lender of the Year, 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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