UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) January 11, 2013
Monroe Capital Corporation
(Exact name of registrant as specified in its charter)
| Maryland | 814-00866 | 27-4895840 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
| 311 South Wacker Drive, Suite 6400, Chicago, IL | 60606 | |||
| (Address of principal executive offices) | (Zip Code) | |||
(312) 258-8300
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 2.02. Results of Operations and Financial Condition.
On January 11, 2013, Monroe Capital Corporation (the “Company”) issued a press release, filed herewith as Exhibit 99.1, announcing the Company’s origination activities for the fourth fiscal quarter ended December 31, 2012.
The information in these Items 2.02 and 7.01 of Form 8-K, and Exhibit 99.1 attached hereto, are being furnished by the Company in satisfaction of the public disclosure requirements of Regulation FD and Item 2.02 of Form 8-K, insofar as they disclose historical information regarding the Company’s results of operations or financial condition as of and for the quarter ended December 31, 2012.
In accordance with General Instructions B.2 and B.6 of Form 8-K, the information included in these Items 2.02 and 7.01, and Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference into any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act.
ITEM 7.01. Regulation FD Disclosure.
The disclosure contained in Item 2.02 is incorporated herein by reference.
ITEM 9.01. Financial Statements and Exhibits
| 99.1 | Press Release, dated January 11, 2013. | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MONROE CAPITAL CORPORATION | ||
| By: | /s/ Aaron D. Peck | |
| Name: Aaron D. Peck | ||
| Title: Chief Financial Officer | ||
Dated: January 11, 2013
Exhibit 99.1
Monroe Capital Corporation Announces $81.0 Million in New Originations for the Fourth Quarter of 2012
CHICAGO, Ill., January 11, 2013 – Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) today announced that it originated $81.0 million in new investment commitments during the fourth quarter ended December 31, 2012. Of these commitments, approximately $78.6 million were funded investments. These investments were made among 16 different portfolio companies and included one add-on investment with an existing borrower. Approximately 65.6% of the new funded investments were unitranche loans, 19.1% were senior secured investments, 14.9% were junior secured investments and 0.3% were equity securities. Overall, total funded investments in portfolio companies at par value increased by $66.7 million during the quarter ended December 31, 2012 after factoring in debt repayments. As of December 31, 2012, the Company’s portfolio consisted of approximately $134.3 million par value of funded investments among 28 different portfolio companies.
“December was a very active month for new originations, as many borrowers sought to complete transactions before the end of the year. Our pipeline remains robust and we expect continued strong deal flow in 2013,” commented Theodore L. Koenig, President and Chief Executive Officer of Monroe Capital Corporation.
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 private investment firm providing 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.
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.
| SOURCE: |
Monroe Capital Corporation | |
| 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 | ||
2