Monroe Capital greenshoe lifts 5.75% $25-par notes to $69 million

By Wendy Van Sickle

Columbus, Ohio, Sept. 12 – Underwriters for Monroe Capital Corp.’s 5.75% $25-par notes due 2023 fully exercised their $9 million over-allotment option, increasing the total deal size to $69 million, according to a press release.

The company priced $60 million of the notes at par on Sept. 6, as previously reported.

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.

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