Monroe Capital taps accordion, lifts credit facility to $95 million

By Toni Weeks

San Luis Obispo, Calif., Sept. 30 - Monroe Capital Corp. tapped the accordion feature and increased the loan commitments on its senior secured revolving credit facility led by administrative agent ING Capital LLC to $95 million from $65 million on Sept. 27, according to an 8-K filed Monday with the Securities and Exchange Commission.

"We have a large pipeline of high-quality loan-investment transactions that we expect to close in the coming weeks at attractive pricing and credit terms," president and chief executive officer Theodore L. Koenig said in a press release. "We are seeing a significant increase in merger and acquisition transaction activity in the lower middle market."

Chicago-based Monroe Capital is a specialty finance company that principally invests in debt and equity investments of middle-market companies.

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