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) February 23, 2017 (February 22, 2017)
Monroe Capital Corporation
(Exact name of registrant as specified in its charter)
Maryland
(State or other jurisdiction of incorporation)
| 814-00866 | 27-4895840 |
| (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 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
Effective February 22, 2017, Monroe Capital Corporation (the “Company”) increased the aggregate commitments under its credit facility by $40 million to $200 million, pursuant to an accordion feature under the Company’s Amended and Restated Senior Secured Revolving Loan Agreement, dated December 14, 2015, by and among the Company, the lenders named therein, and ING Capital LLC, as administrative agent (as amended, the “Credit Agreement”). The Credit Agreement continues to operate pursuant to its existing terms and conditions.
ITEM 7.01. Regulation FD Disclosure.
On February 23, 2017, the Company issued
a press release, furnished herewith as Exhibit 99.1, announcing that loan commitments on its syndicated credit facility have increased
by $40 million to $200 million.
The information disclosed under this Item 7.01, including Exhibit 99.1 hereto, is being furnished
and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and
shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended, except as expressly
set forth by specific reference in such filing.
ITEM 8.01. Other Events.
On February 22, 2017, the Company issued a press release, a copy of which is attached hereto as Exhibit 99.2 and is incorporated herein by reference, announcing that it will release its financial results for the fourth quarter and full year ended December 31, 2016 on Tuesday, March 7, 2017, after the close of the financial markets.
ITEM 9.01. Financial Statements and Exhibits
99.1 Press Release, dated February 23, 2017.
99.2 Press Release, dated February 22, 2017.
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: February 23, 2017
Exhibit 99.1
Monroe Capital Corporation Expands
its Syndicated Credit Facility to $200 Million
CHICAGO, IL, February 23, 2017 – Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) today announced that
current loan commitments on its syndicated credit facility led by ING Capital LLC have increased by $40 million to $200 million.
As previously disclosed, the Company’s revolving credit facility can expand up to a total of $300 million in commitments
pursuant to an accordion feature.
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 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. Monroe Capital LLC has been recognized by the M&A Advisor
as the 2016 Lender Firm of the Year; Global M&A Network as the 2016 Small Middle Markets Lender of the Year; Private Debt
Investor as the 2015 Lower-Mid Market Lender of the Year; and the U.S. Small Business Administration as the 2015 Small Business
Investment Company (SBIC) of the Year. To learn more about Monroe Capital LLC, visit www.monroecap.com.
| 1 |
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: | Emily Stoermer |
| BackBay Communications | |
| (617) 391-0801 | |
| Email: Emily.Stoermer@backbaycommunications.com |
| 2 |
Exhibit 99.2
Monroe Capital Corporation Schedules Fourth Quarter and Full Year 2016 Earnings Release and Conference Call
CHICAGO, IL, February 22, 2017 – Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that it will report its fourth quarter and full year 2016 financial results on Tuesday, March 7, 2017, after the close of the financial markets.
The Company will host a webcast and conference call to discuss these operating and financial results on Wednesday, March 8, 2017 at 12:00 pm ET. The webcast will be hosted on a webcast link located in the Investor Relations section of our website at http://ir.monroebdc.com/events.cfm. To participate in the conference call, please dial (877) 312-8807 approximately 10 minutes prior to the call. Please reference conference ID #74963669. For those unable to listen to the live broadcast, the webcast will be available for replay on the Company’s website approximately two hours after the event.
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 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. Monroe Capital LLC has been recognized by the M&A Advisor
as the 2016 Lender Firm of the Year; Global M&A Network as the 2016 Small Middle Markets Lender of the Year; Private Debt
Investor as the 2015 Lower-Mid Market Lender of the Year; and the U.S. Small Business Administration as the 2015 Small Business
Investment Company (SBIC) of the Year. 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: | Emily Stoermer |
| BackBay Communications | |
| (617) 391-0801 | |
| Email: Emily.Stoermer@backbaycommunications.com |