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United States of America

US : Monroe Capital Corp. - MRCC | Updating Numbers For NII-Accretive Debt Issuance

    Matthew Tjaden
    Matthew Tjaden

    Research Associate

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    CGS-CIMB
    20 January 2021
    Published byCGS-CIMB

    We are updating our estimates on Monroe Capital Corporation (MRCC) to reflect its recent debt issuance. Overall, we believe the debt issuance is a win/win - a lower cost of debt, pushed maturities, and higher earnings power. We remain Market Perform.Event: MRCC issued $130M in 4.75% unsecured notes