Monroe Capital(MRCC)- NASDAQ
  • Wed, Jul. 20, 9:31 AM
    • The company raised gross proceeds of $48.1M, selling 3.1M shares of stock for $15.50 each. The underwriters have a greenshoe option to buy another 465K shares at that price.
    • MRCC -3.4% to $15.38
    | Wed, Jul. 20, 9:31 AM | 7 Comments
  • Tue, Jul. 19, 5:36 PM
    | Tue, Jul. 19, 5:36 PM | 5 Comments
  • Tue, Jul. 19, 4:15 PM
    • The size of the secondary offering isn't disclosed. Proceeds will be used to pay down debt and invest in portfolio companies.
    • MRCC -4.2% after hours
    | Tue, Jul. 19, 4:15 PM | 3 Comments
  • Dec. 14, 2015, 11:20 AM
    • The price of oil has stabilized, but the major averages are moving lower, Treasury yields are moving higher in front of this week's expected Fed rate hike, and high-yield continues to sell off (with more funds gating withdrawals/selling holdings).
    • It all adds up to continued panicky liquidation in the business development complex. Prospect Capital (PSEC -4.8%), Fifth Street Finance (FSC -4.1%), Ares Capital (ARCC -4.9%), FS Investment (FSIC -3.4%), Triangle Capital (TCAP -4.8%), TICC Capital (TICC -9.1%), PennantPark Investment (PNNT -4.3%), New Mountain Finance (NMFC -5.8%), Monroe Capital (MRCC -4.5%), Oxford Lane (OXLC -10.4%).
    • ETFs: BDCL, BDCS, BIZD, FGB
    | Dec. 14, 2015, 11:20 AM | 65 Comments
  • Sep. 29, 2015, 3:24 PM
    • It's not just about energy anymore, according to a BAML report. "The malaise is spreading." High-yield, says the team, "[is] a slow-moving train wreck that just seems to be accelerating."
    • Equity-type proxies for the high-yield market, business development companies are under major selling pressure again today, with already large discounts to NAVs growing even wider.
    • Previously: Ares Capital greenlighted for $100M in buybacks (Sept. 28)
    • Prospect Capital (PSEC -3.6%), Ares Capital (ARCC -2.7%), Apollo Investment (AINV -4%), TCP Capital (TCPC -5.4%), Monroe Capital (MRCC -4.5%), Oxford Lane Capital (OXLC -5.4%), PennantPark Investment (PNNT -1.8%), American Capital (ACAS -2.5%), Medley Capital (MCC -4.1%), Harris & Harris (TINY -5.4%)
    • ETFs: BDCL, BDCS, BIZD, FGB
    | Sep. 29, 2015, 3:24 PM | 45 Comments
  • Apr. 15, 2015, 11:15 AM
    • Monroe Capital (MRCC -3.6%) priced a 2.45M share secondary at $14.85 each for gross proceeds of about $36.4M. The underwriters have an option to buy another 367K shares at that price.
    • Previously: Monroe Capital files for secondary offering (April 14)
    | Apr. 15, 2015, 11:15 AM
Company Description
Monroe Capital Corp., a business development company that invests in lower middle-market companies with EBITDA up to $25 million and revenues up to $250 million located in the US and Canada. The fund invests across a broad range of sectors including healthcare & pharmaceuticals, business... More
Sector: Financial
Country: United States