Markets

Monroe Capital Initiates Pubic Offering of Notes Due 2023

Monroe Capital ( MRCC ), a specialty finance company, said Wednesday it has initiated an underwritten public offering of unsecured notes due 2023.

The company also announced that it has received a rating of A- from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.

Monroe said it will use the net proceeds to invest in portfolio companies in accordance with its investment objectives, and for other general corporate purposes, including payments of operating expenses. The company also intends to use a portion of the net proceeds to repay outstanding indebtedness under its revolving credit facility. As of Aug. 31, the company had $114.4 million of indebtedness outstanding under the credit facility.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

MRCC

Other Topics

ETFs

Latest Markets Videos