Raymond James, Baird, William Blair, Janney Montgomery Scott assist
By Devika Patel
Knoxville, Tenn., July 20 – Monroe Capital Corp. said it priced a $48.05 million public offering of stock with a $7.21 million greenshoe. The deal was announced Tuesday.
The company will sell 3.1 million common shares at $15.50 per share. The price per share is a 2.64% discount to the July 19 closing share price of $15.92.
Raymond James & Associates, Inc., Robert W. Baird & Co. Inc., William Blair & Co., LLC and Janney Montgomery Scott LLC are the bookrunners.
Settlement is expected July 25.
Proceeds will be used to repay debt under the company’s credit facility, to invest in portfolio companies and for general corporate purposes.
Chicago-based Monroe Capital is a publicly traded specialty finance company that principally invests in senior, unitranche and junior secured debt and, to a lesser extent, unsecured subordinated debt and equity investments in middle-market companies.
| Issuer: | Monroe Capital Corp.
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| Issue: | Common stock
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| Amount: | $48.05 million
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| Greenshoe: | $7,207,500, or 465,000 shares
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| Shares: | 3.1 million
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| Price: | $15.50
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| Warrants: | No
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| Bookrunners: | Raymond James & Associates, Inc., Robert W. Baird & Co. Inc., William Blair & Co., LLC and Janney Montgomery Scott LLC
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| Co-managers: | BB&T Capital Markets, Ladenburg Thalmann & Co. Inc., Oppenheimer & Co. Inc., Stephens Inc. and Wunderlich Securities, Inc.
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| Announcement date: | July 19
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| Pricing date: | July 20
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| Settlement date: | July 25
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| Stock symbol: | Nasdaq: MRCC
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| Stock price: | $15.92 at close July 19
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| Market capitalization: | $201.34 million
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