Press Releases

Monroe Capital Provides $10 Million to S.R. Bray Corporation d/b/a Power Plus

Chicago, IL, November 17, 2005

Monroe Capital LLC announced the funding of a $10 million junior secured credit facility for S.R. Bray Corporation d/b/a Power Plus. Monroe Capital’s term loan, in conjunction with a $25 million senior credit facility from PNC Bank, was used to repurchase preferred stock in the company held by a shareholder, refinance existing debt and provide ongoing working capital.

S.R. Bray Corporation d/b/a Power Plus, headquartered in Anaheim, California, is a supplier of temporary power utility services, including the set-up and rental of generators and power poles, surveillance and security equipment, and utility consulting design and installation. The company primarily serves the construction, utility, wireless communication, and general equipment industries across California, Nevada, and Arizona and currently has over 2,500 customers across its eight distinct business lines at over 3,000 jobsites.

Monroe Capital is a specialty finance company devoted to providing innovative capital to middle-market businesses. Monroe Capital specializes in originating, structuring and providing customized financing to corporate, real estate, media and communication, and asset-based borrowers based in the U.S. and Canada in amounts of $3 million to $40 million, with an ability to agent and syndicate larger transactions. These investments include senior and junior secured debt as well as bridge loans to companies in need of immediate access to capital in order to take advantage of investment opportunities; flexible acquisition facilities for acquirers of opportunistic assets; mezzanine or last-out second loans that stretch a company’s debt capacity; acquisitions of distressed debt; and equity co-investments. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly. To learn more about Monroe Capital, visit www.monroecap.com.