By Cristal Cody
Tupelo, Miss., Nov. 9 – Monroe Capital LLC affiliate Monroe Capital Asset Management LLC refinanced $30 million of notes due Nov. 22, 2030 from a 2018 middle-market CLO transaction, according to a first supplemental indenture.
Monroe Capital MML CLO VII, Ltd./Monroe Capital MML CLO VII, LLC refinanced the class A-2 senior fixed-rate notes with a 2.29% coupon.
In the original $455.75 million offering issued on Nov. 15, 2018, the CLO sold $30 million of 4.678% class A-2 senior fixed-rate notes.
BNP Paribas Securities Corp. was the bookrunner of the original deal.
The refinanced notes are non-callable until the payment date in May 2021.
The CLO is secured mostly by a portfolio of middle-market senior secured loans.
Proceeds will be used to redeem the class A-2 notes.
The middle-market lender and private credit asset management firm is based in Chicago.
| Issuer: | Monroe Capital MML CLO VII, Ltd./Monroe Capital MML CLO VII, LLC
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| Amount: | $30 million refinancing
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| Maturity: | Nov. 22, 2030
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| Securities: | Senior fixed-rate notes
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| Structure: | Middle-market CLO
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| Manager: | Monroe Capital Asset Management LLC
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| Coupon: | 2.29%
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| Call feature: | Payment date in May 2021
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| Settlement date: | Nov. 23
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| Distribution: | Rule 144A and Regulation S
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