Monroe Capital Corporation (NASDAQ:MRCC) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a RegistrantITEM 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, 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 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.
About Monroe Capital Corporation (NASDAQ:MRCC)
Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity. The Company provides customized financing solutions focused primarily on senior secured, junior secured and unitranche (a combination of senior secured and junior secured debt in the same facility) debt, and subordinated debt and equity, including equity co-investments in preferred and common stock and warrants. The Company’s investment activities are managed by its investment advisor, Monroe Capital BDC Advisors, LLC (MC Advisors). Monroe Capital Corporation (NASDAQ:MRCC) Recent Trading Information
Monroe Capital Corporation (NASDAQ:MRCC) closed its last trading session 00.00 at 15.98 with 62,195 shares trading hands.
