CHICAGO, Jan. 11, 2013 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (the "Company") (Nasdaq:MRCC) today announced that it originated $81.0 million in new investment commitments during the fourth quarter ended December 31, 2012. Of these commitments, approximately $78.6 million were funded investments. These investments were made among 16 different portfolio companies and included one add-on investment with an existing borrower. Approximately 65.6% of the new funded investments were unitranche loans, 19.1% were senior secured investments, 14.9% were junior secured investments and 0.3% were equity securities. Overall, total funded investments in portfolio companies at par value increased by $66.7 million during the quarter ended December 31, 2012 after factoring in debt repayments. As of December 31, 2012, the Company's portfolio consisted of approximately $134.3 million par value of funded investments among 28 different portfolio companies.
"December was a very active month for new originations, as many borrowers sought to complete transactions before the end of the year. Our pipeline remains robust and we expect continued strong deal flow in 2013," commented Theodore L. Koenig, President and Chief Executive Officer of Monroe Capital Corporation.
ABOUT MONROE CAPITAL CORPORATIONMonroe Capital Corporation is a publicly-traded specialty finance company that principally invests in senior, unitranche and junior secured debt and, to a lesser extent, unsecured debt and equity investments in middle-market companies. The Company's investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation. The Company's investment activities are managed by its investment adviser, Monroe Capital BDC Advisors, LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended, and an affiliate of Monroe Capital LLC. To learn more about Monroe Capital Corporation, visit www.monroebdc.com . ABOUT MONROE CAPITAL LLC Monroe Capital LLC is a private investment firm providing senior and junior debt and equity co‑investments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital LLC prides itself on its flexible investment approach and its ability to close and fund transactions quickly. Monroe Capital LLC is committed to being a value-added and user-friendly partner to owners, senior management and private equity sponsors. To learn more about Monroe Capital LLC, visit www.monroecap.com. FORWARD-LOOKING STATEMENTS This press release may contain certain forward-looking statements. Any such statements, other than statements of historical fact, are likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under the Company's control, and that the Company may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from these estimates and projections of the future. Such statements speak only as of the time when made, and the Company undertakes no obligation to update any such statement now or in the future.
CONTACT: Investor Contact: Aaron D. Peck Chief Investment Officer and Chief Financial Officer Monroe Capital Corporation (312) 523-2363 Email: email@example.com Media Contact: Kelly Holman BackBay Communications (212) 209-3844 Email: firstname.lastname@example.org
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV