Monroe Capital Stock Price, News & Analysis

Monroe Capital Corporation (NASDAQ: MRCC) will announce its fourth quarter and full year 2020 financial results on March 2, 2021, after market close. A conference call and webcast to discuss these results is scheduled for March 3, 2021, at 11:00 AM ET. Monroe Capital focuses on investing in senior, unitranche, and junior secured debt, along with other investment types, aiming to maximize shareholder returns through current income and capital appreciation.

Monroe Capital Corporation (NASDAQ: MRCC) has completed a public offering of $130 million in 4.75% notes due 2026. The funds will be utilized to redeem the outstanding 5.75% notes due 2023 and to pay down part of its credit facility, which had $114.9 million in outstanding debt as of January 12, 2021. The new notes will mature on February 15, 2026, with interest payments commencing August 15, 2021. Raymond James & Associates, Inc. served as the book-running manager for the offering.

Monroe Capital Corporation (NASDAQ: MRCC) priced a public offering of $130 million in 4.75% notes due 2026 on January 15, 2021. The notes will mature on February 15, 2026, with semi-annual interest payments starting August 15, 2021. Proceeds will be used to redeem existing 5.75% notes due 2023 and repay part of its credit facility, which had $114.9 million outstanding as of January 12, 2021. The offering, managed by Raymond James & Associates and others, is subject to customary conditions and is expected to close around January 25, 2021.

Monroe Capital LLC has announced it acted as the sole lead arranger and administrative agent for a senior credit facility to 3Cloud, LLC, a Gryphon Investors portfolio company. Founded in 2016, 3Cloud specializes in providing strategic advisory and technical services for the Microsoft Azure platform, helping clients with cloud infrastructure, application modernization, data analytics, and DevOps solutions. Monroe Capital, based in Chicago, is recognized for its expertise in private credit asset management, serving borrowers in the U.S. and Canada since 2004.

Monroe Capital Corporation (MRCC) has declared a fourth-quarter cash distribution of $0.25 per share, payable on December 31, 2020, to stockholders of record as of December 16, 2020. The company has implemented a dividend reinvestment plan for stockholders, allowing automatic reinvestment unless opted out prior to the record date. The specific tax characteristics of the distribution will be reported on Form 1099. Monroe Capital focuses on investments in secured and unsecured debt and equity in middle-market companies aiming for total return through current income and capital appreciation.

Monroe Capital announced a significant commitment, providing approximately $450 million in direct financing to over 20 women and minority-owned businesses. Ted Koenig, President & CEO, emphasized their ongoing dedication to supporting these businesses, viewing it as a vital community and business strategy. As of October 1, 2020, Monroe managed around $9.1 billion in capital and has invested over $18 billion in more than 1,350 transactions since its inception in 2004.

Monroe Capital Corporation (MRCC) reported third-quarter 2020 financial results with a net investment income of $5.6 million ($0.26 per share), down from $12.6 million in the previous quarter. Despite this decline, the net asset value (NAV) rose to $230.7 million ($10.83 per share), a 4.4% increase driven by net gains of $9.5 million. The company paid a quarterly dividend of $0.25 per share, fully covered by net investment income. Leverage decreased significantly to 0.90 times from 1.16, indicating improved financial stability.

Monroe Capital LLC announced its role as sole lead arranger and administrative agent for a senior credit facility and equity co-investment to support Vector Capital's acquisition of MarkLogic Corporation. MarkLogic, located in San Carlos, California, is a premier provider of enterprise data integration solutions, serving over 2,500 clients across various sectors, including government and healthcare. This acquisition is expected to enhance MarkLogic's capabilities within the cloud data platform space, benefiting both firms and their stakeholders.

Monroe Capital Corporation (NASDAQ: MRCC) announced it will report Q3 2020 financial results on November 4, 2020, after market closure. A conference call will follow on November 5, 2020, at 2:00 pm ET, allowing investors to discuss these results. Monroe Capital Corporation specializes in investing in secured debt and equity in middle-market companies. The firm's investment objective focuses on maximizing total return for stockholders through current income and capital appreciation.