Monroe Capital Corporation, incorporated on February 9, 2011, is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company's investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity. The Company provides customized financing solutions focused primarily on senior secured, junior secured and unitranche (a combination of senior secured and junior secured debt in the same facility) debt, and subordinated debt and equity, including equity co-investments in preferred and common stock and warrants. The Company's investment activities are managed by its investment advisor, Monroe Capital BDC Advisors, LLC (MC Advisors).
As of December 31, 2016, the Company consisted of 70 different portfolio companies and holdings, including senior secured, junior secured and unitranche secured debt and equity securities. As of December 31, 2016, its portfolio included approximately 66.7% senior secured debt, 12.5% unitranche secured debt, 14.4% junior secured debt and 6.4% equity securities. The Company also invests in high-yield bonds, distressed debt, private equity or securities of public companies that are not thinly traded and securities of middle-market companies located outside of the United States. The Company invests in various industries, such as healthcare and pharmaceuticals; services: business; consumer goods: non-durable; retail; consumer goods: durable; hotels, gaming and leisure; banking, finance insurance and real estate; construction and building; media: advertising, printing and publishing, and media: diversified and production. Monroe Capital Management Advisors, LLC (MC Management) provides the Company with office facilities and equipment, and also provides clerical, bookkeeping and record keeping and other administrative services at its facilities. The Company also invests in the United States Treasury bills and in repurchase agreements that are collateralized by cash or securities issued by the United States Government or its agencies.
Senior Secured Loans
The Company obtains security interests in the assets of the portfolio company borrowers that serve as collateral in support of the repayment of the loans. The collateral may take the form of first-priority liens on the assets of the portfolio company borrower.
Unitranche Loans
The Company structures its unitranche loans as senior secured loans. The Company obtains security interests in the assets of the portfolio companies that serve as collateral in support of the repayment of the loans. The collateral may take the form of first-priority liens on the assets of a portfolio company. In various cases, the Company, together with its affiliates, is a lender of its unitranche loans.
Junior Secured Loans
The Company obtains a security interest in the assets of the portfolio companies that serves as collateral in support of the repayment of the loans. The collateral may take the form of second priority liens on the assets of a portfolio company.
Preferred Equity
The Company structures preferred equity investments to combine features of equity and debt. The Company obtains a security interest in the assets of portfolio companies that serves as collateral in support of the repayment of such preferred equity, which takes a priority to common shareholders.
Warrants and Equity Co-Investment Securities
The Company receives warrants or options to buy a minority equity interest in the portfolio company in connection with a loan. The Company structures the warrants to include provisions protecting its rights as a minority-interest holder, as well as a put or right to sell the securities back to the issuer, upon the occurrence of specified events. The Company also makes a minority equity co-investment in the portfolio company in connection with a loan.
311 S Wacker Dr Ste 6400
The company trades on NASDAQ exchange. The company headquarter is located in Illinois, IL.| Ticker | MRCC |
| Long Name | Monroe Capital Corporation |
| Short Name | Monroe Capital |