Press Releases
Monroe Capital Closes $455.75 Million Collateralized Loan Obligation Transaction
Chicago, IL, November 20, 2018
Monroe Capital LLC (“Monroe”) today announced the closing of a $455.75 million term debt securitization known as Monroe Capital MML CLO VII, LTD. The term financing was Monroe’s third CLO completed in the last 13 months 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, Structuring Agent and Bookrunner. This transaction was structured to meet and comply with both the European risk retention guidelines as well as U.S. risk retention guidelines.
“We continue to see very strong interest in Monroe’s CLO platform. Our investor base continues to expand in the U.S., Europe and Asia,” said Jeremy VanDerMeid, Managing Director of Monroe. “We were pleased to work with BNP Paribas on this transaction. We look forward to future transactions with our existing and new investor partners.”