Monroe Capital LLC (“Monroe”) secures $561.8 million in Collateralized Loan known as Monroe Capital MML CLO XVI, LTD. The term financing was Monroe’s fourth CLO completed since 2022 and is secured by a portfolio of middle market senior secured loans.
Monroe sold securities rated from AAA through BB-. Monroe and its affiliates retained a majority of the subordinated notes in the transaction. BNP Paribas served as the Lead Manager, Placement and Structuring Agent, and Bookrunner, with Capital One acting as Co-Placement Agent. This transaction was structured to meet and comply with both the European risk retention guidelines as well as U.S. risk retention guidelines.
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Chris Enas, Deputy CLO Portfolio Manager of Monroe said, “We were pleased with both BNP Paribas and Capital One on the execution on this recent middle market CLO transaction. We are thankful for the strong support we received from our repeat investor base while also welcoming several new investors to our platform as we’ve observed and capitalized on a widening global investor base for CLO liabilities, Our commitment to focusing on proprietary, directly originated middle market transactions, coupled with our differentiated investment approach to underwriting and portfolio management, enable us to continue to create significant value for all of our stakeholders.”
Monroe’s CLO platform has over $4.5 billion in assets under management (“AUM”) with 14 middle market CLO vehicles. Monroe has a proven 20-year track record as both a middle market and broadly syndicated CLO manager with the same senior investment team and portfolio manager, having successfully navigated multiple credit cycles.
About Monroe Capital
Monroe Capital LLC (“Monroe”) is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, opportunistic, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors.
