Monroe Capital

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Rita's Italian Ice & Frozen Custard (“Rita's”) by Maple Park Capital Partners. Founded in 1984 and based in Trevose, Pennsylvania, Rita's is a franchisor of Italian ice and custard shops. The company has over 575 locations across 30 states primarily in the mid-Atlantic region including Pennsylvania,.» Mehr auf businesswire.com

Monroe Capital operates as a business development company with a large exposure to real estate related investments. The dividend yield is appealing at 11.6%, with improved coverage, but the non-accrual rate has increased, indicating portfolio stress. MRCC's portfolio is heavily vulnerable to higher interest rates, as the cost of borrowing shrinks borrower operating margins.» Mehr auf seekingalpha.com

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support NationsBenefits' acquisition of General Vision Services, an existing portfolio company of General Atlantic, The Pritzker Organization, and Denali Growth Partners. Based in New York, NY, General Vision Services is a premier managed vision care and revenue cycle management company. General Vision Services provides eyecare b.» Mehr auf businesswire.com