CHICAGO, Sept. 30, 2013 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (the "Company") (Nasdaq:MRCC), a Business Development Company, announced that loan commitments on its syndicated credit facility led by ING Capital LLC have increased to $95 million. Theodore L. Koenig, President and Chief Executive Officer of the Company stated, "We have a large pipeline of high quality loan investment transactions that we expect to close in the coming weeks at attractive pricing and credit terms. We are seeing a significant increase in merger and acquisition transaction activity in the lower middle market."

ABOUT MONROE CAPITAL CORPORATION

Monroe 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 leading provider of 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.

ABOUT ING CAPITAL LLC

ING Capital LLC is an indirect U.S. subsidiary of ING Bank NV, which is part of the global financial services company ING Group. ING Bank NV has 67,000 employees serving its clients through its extensive global network in the world's major financial services markets.  The Investment Industry Finance (IIF) group at ING Capital offers a broad range of structured finance solutions to its clients active in the Investment Industry, including BDCs.

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: apeck@monroecap.com

         

         Media Contact:

         Kelly Holman

         BackBay Communications

         (212) 209-3844

         Email: kelly.holman@backbaycommunications.com

         

         ING Deal Contact:

         Patrick Frisch

         Managing Director

         (646) 424-6912

         Email: patrick.frisch@americas.ing.com