By James McCandless
San Antonio, Sept. 6 – Monroe Capital Corp. priced $60 million of $25-par notes due 2023 at par with a coupon of 5.75% on Wednesday, according to filings with the Securities and Exchange Commission.
There is a $9 million greenshoe
Ladenburg Thalmann & Co. Inc., BB&T Capital Markets, LLC, and Janney Montgomery Scott LLC are the joint bookrunners. B. Riley FBR, Inc., Oppenheimer & Co., Inc. and William Blair & Co., LLC are the lead managers.
The notes are redeemable at par after two years.
Interest is payable quarterly, beginning Oct. 31.
Monroe plans to use the proceeds to repay a portion of its debt under the ING credit facility, to invest in portfolio companies in accordance with its investment objectives and for general corporate purposes.
The company intends to list the notes on the Nasdaq Global Select Market under the symbol “MRCCL.”
Monroe Capital is a Chicago-based middle-market investment company.
| Issuer: | Monroe Capital Corp.
|
| Description: | Notes
|
| Amount: | $60 million
|
| Greenshoe: | $9 million
|
| Maturity: | Oct. 31, 2023
|
| Bookrunners: | Ladenburg Thalmann & Co. Inc., BB&T Capital Markets, LLC and Janney Montgomery Scott LLC
|
| Lead managers: | B. Riley FBR, Inc., Oppenheimer & Co., Inc. and William Blair & Co., LLC
|
| Co-managers: | National Securities Corp. and Wedbush Securities
|
| Coupon: | 5.75%
|
| Price: | Par of $25
|
| Yield: | 5.75%
|
| Call: | On or after Oct. 31, 2020 at par
|
| Pricing date: | Sept. 5
|
| Settlement date: | Sept. 12
|
| Rating: | Egan-Jones: A-
|
| Distribution: | SEC registered
|
| Listing: | Nasdaq: MRCCL
|
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