By James McCandless
San Antonio, March 20 – Monroe Capital Corp. priced another $40 million of its $25-par 5.75% notes due Oct. 31, 2023, according to a filing with the Securities and Exchange Commission.
There is no greenshoe.
Ladenburg Thalmann & Co. Inc. is the bookrunner.
The company originally issued $69 million of the notes on Sept. 6, 2018.
The existing notes (Nasdaq: MRCCL) were down 8 cents to close at $24.77 on Friday with about 5,000 notes trading.
The notes are redeemable on or after Oct. 31, 2020 at par.
The company 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.
Monroe Capital is a Chicago-based middle-market investment company.
| Issuer: | Monroe Capital Corp.
|
| Description: | Notes
|
| Amount: | $40 million
|
| Maturity: | Oct. 31, 2023
|
| Bookrunner: | Ladenburg Thalmann & Co. Inc.
|
| Coupon: | 5.75%
|
| Call: | On or after Oct. 31, 2020 at par
|
| Pricing date: | March 20
|
| Distribution: | SEC registered
|
| Original issue: | $69 million issued Sept. 6, 2018
|
| Total amount: | $109 million
|
| Listing: | Nasdaq: MRCCL
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
