Monroe Capital Corporation Amends Credit Facility to Increase Interest Margins and Adjust Borrowing Base
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Monroe Capital Corporation has amended its credit facility, introducing a temporary "Borrowing Base Flex Period" that adjusts borrowing base mechanics and concentration limits. The amendment increases interest margins by 0.75% and requires 100% prepayment of specified proceeds during the flex period. It also establishes financing arrangements related to Monroe’s 4.75% Notes due 2026, including a loan funded on the effective date and provisions for a subsequent loan increase. The agreement remains secured by Monroe’s assets, subject to customary covenants and default provisions.
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