Monroe Capital LLC

August 04, 2005 06:30 ET

Monroe Capital Funds $10 Million to MC Test Service, Inc.

CHICAGO--(CCNMatthews - Aug 4, 2005) -

Monroe Capital LLC announced the funding of a $10 million term loan to MC Test Service, Inc. Monroe Capital's term loan, in conjunction with a $40 million revolving credit facility from LaSalle Business Credit, was used to assist MC Test Service in refinancing existing debt and providing ongoing working capital.

Founded in 1984, MC is a leading provider of electronic manufacturing services to the medical, gaming, industrial, computer and telecommunications industries. Based in Melbourne, FL, MC's primary focus is low to medium volume, medium-high mix printed circuit board assembly, with an emphasis on high material content printed circuit boards.

Theodore L. Koenig, President and CEO of Monroe Capital, said, "We are very happy that we could assist MC in its financing needs."

Thomas J. Wienckoski, President and CEO of MC, stated, "We are very pleased to be working with Monroe Capital. They understood our business quickly and tailored a financing solution that worked for us."

Monroe Capital is a specialty finance company devoted to providing innovative capital to middle-market businesses. Monroe Capital specializes in originating, structuring and providing customized financing to corporate, real estate, media and communication, and asset-based borrowers based in the U.S. and Canada in amounts of $3 million to $40 million, with an ability to agent and syndicate larger transactions. These investments include senior and junior secured debt as well as bridge loans to companies in need of immediate access to capital in order to take advantage of investment opportunities; flexible acquisition facilities for acquirers of opportunistic assets; mezzanine or last-out second loans that stretch a company's debt capacity; acquisitions of distressed debt; and equity co-investments. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly. To learn more about Monroe Capital, visit www.monroecap.com.

Contact Information

  • Monroe Capital LLC
    Theodore L. Koenig, 312-258-8300
    President and CEO
    312-258-8350 (FAX)
    www.monroecap.com