BB&T Capital Markets Serves as a Co-Manager on Monroe Capital Corporation’s Follow-On Equity Offering
BB&T Capital Markets’ Financial Services Group completed a transaction for Monroe Capital Corporation, a Business Development Company (“BDC”) in the third quarter of 2016, helping to raise $48,050,000 in gross proceeds for our client.
Monroe intends to use the net proceeds of this offering to repay indebtedness, to invest in portfolio companies in accordance with its investment objectives, for general corporate purposes, and to fund investments by its SBIC subsidiary. The Company has granted the underwriters a 30-day option to purchase an additional 465,000 shares at the public offering price to cover over-allotments.
About the Companies
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.
BB&T Capital Markets Financial Services Group has extensive experience providing community banks and thrifts, business development companies, and other specialty finance companies with a full range of public and private capital raising solutions, M&A advisory, fairness opinions and other strategic advisory services.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.