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Monroe Capital Provides $11MM Financing to CID Resources

October 01, 2015, 08:02 AM
Filed Under: Apparel
Related: Monroe Capital

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of an $11 million senior credit facility to support the recapitalization and growth of CID Resources, Inc. (CID) by private equity sponsor, Prophet Equity.
Based in Coppell, TX, CID is a designer, manufacturer, and distributor of medical uniforms. The company maintains several product lines that are sold primarily through specialty uniform retailers and online medical uniform retailers in the U.S. and Canada. CID distributes medical uniforms under its WonderWink brand and the licensed Carhartt brand.
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. Monroe has been recognized by Global M&A Network as the 2013 and 2014 Small Mid-Market Lender of the Year, Private Debt Investor as the 2013 Unitranche Lender of the Year and 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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