Monroe Capital Provides $80 Million Credit Facility to National Credit Center, an Affiliate of SNH Capital Partners
January 16 2018 - 06:00AM
Business Wire
Monroe Capital LLC (“Monroe”) and SNH Capital Partners I, LP
(“SNH”) are pleased to announce the funding of an $80 million
senior credit facility to National Credit Center (“NCC”), an SNH
portfolio company. Monroe acted as sole lead arranger and
administrative agent on the funding of the transaction.
Based in Las Vegas, Nevada and founded in 1996, NCC is a leading
provider of comprehensive data, software and marketing solutions
that enable automotive dealers to increase sales, drive user
engagement, and improve operational efficiencies. NCC’s
state-of-the-art data solutions include a range of credit and
compliance solutions; its automotive software solutions include
TradeVue, CreditVue and EZ APP.
“Monroe delivered a first-rate source of liquidity for NCC to
execute on its strategic initiatives and for our investors,”
remarked Jevin Sackett, CEO and Managing Director at SNH.
“Monroe is excited to partner with SNH on this transaction.
Monroe has built an outstanding track record in providing financial
sponsors with debt capital on the best, risk-adjusted market
terms,” commented Ted Koenig, President & CEO at Monroe.
About Monroe Capital
Monroe Capital LLC (“Monroe”) is a private credit asset
management firm specializing in direct lending and special
situations investing. Since 2004, the firm has provided private
credit solutions to borrowers in the U.S. and Canada. Monroe’s
middle market lending platform provides senior and junior debt
financing to businesses, special situation borrowers and private
equity sponsors. Investment types include unitranche financings;
cash flow, asset based and enterprise value based loans; and equity
co-investments. Monroe is committed to being a value-added and
user-friendly partner to business owners, senior management and
private equity sponsors. The firm is headquartered in Chicago and
maintains offices in Atlanta, Boston, Dallas, Los Angeles, New
York, and San Francisco. Monroe has been recognized by Global
M&A Network as the 2017 Small Middle Markets Lender of the
Year; Private Debt Investor as the 2016 Lower Mid-Market Lender of
the Year; M&A Advisor as the 2016 Lender Firm of the Year; and
the U.S. Small Business Administration as the 2015 Small Business
Investment Company (SBIC) of the Year. For more information, please
visit monroecap.com.
About SNH
Founded in 1996, SNH is a U.S.-based, private equity investor
dedicated to acquiring and transforming companies in the lower
middle-market. SNH has an active strategic presence in each of its
core industries, partnering with best-in-class management teams to
develop growth platforms across technology and technology-enabled
business services leveraging its investment and operational
resources. SNH’s portfolio companies are market-leading and rapidly
growing providers of information, technology, and other business
services to the automotive, financial services, human capital
management and energy sectors. For more information, please visit
snhinc.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180116005549/en/
For more information, please contact:Theodore L.
KoenigMonroe Capital LLC312-523-2360tkoenig@monroecap.comorBrian
KriebelSNH415-434-5693bkriebel@snhinc.comorEmily StoermerBackBay
Communications617-391-0801emily.stoermer@backbaycommunications.com