Monroe Goes Public
October 26, 2012- Share:
Monroe Capital Corporation raised $75 million in its IPO on the NASDAQ under the symbol MRCC, after pricing five million shares at $15 apiece. The firm plans to use its net proceeds from the offering to pay the outstanding balance on the term loan portion of the credit facility it incurred in order to acquire its initial portfolio, as well as to invest in portfolio companies and for general corporate purposes. Robert W. Baird, William Blair & Company and Janney Montgomery Scott served as joint book-running managers for the IPO.
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