Welcome to our dedicated page for Monroe Capital news (Ticker: MRCC), a resource for investors and traders seeking the latest updates and insights on Monroe Capital stock.
Monroe Capital Corporation (MRCC) is a leading specialty finance company providing customized debt solutions to lower middle-market businesses in the U.S. and Canada. This page serves as the definitive source for MRCC news, offering investors and analysts timely updates on strategic developments.
Access press releases covering earnings reports, portfolio company acquisitions, and partnership announcements. Stay informed about regulatory filings and dividend declarations while tracking MRCC's performance in private credit markets. Our curated news collection helps stakeholders monitor risk management practices and investment strategy evolution.
Discover updates on senior secured lending activities, unitranche facility deployments, and equity co-investments. Content is organized to highlight financial results, leadership insights, and market positioning within the business development company (BDC) sector. Bookmark this page for efficient tracking of MRCC's role in bridging financing gaps for growing enterprises.
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.
Monroe Capital LLC has acted as the sole lead arranger for an $11.5 million senior credit facility to aid Quest Resource Holding Corporation in acquiring Green Remedies Waste and Recycling Inc. This acquisition strengthens Quest's position in the environmental waste and recycling sector, particularly in multi-family housing markets. Additionally, Quest may access over $50 million in further term debt financing to support its growth initiatives.
Monroe Capital LLC has acted as the sole lead arranger and administrative agent for a senior credit facility supporting Apax Partners' acquisition of MyCase, Inc. MyCase is a cloud-based legal practice management software designed for efficiency and exceptional client experiences. It offers features like Lead Management, Billing, and robust Reporting. Monroe Capital specializes in private credit and has a history of providing financing solutions across diverse sectors since 2004. This acquisition enhances Monroe's lending portfolio in the growing legal tech market.
Monroe Capital Corporation (NASDAQ: MRCC) has declared a $0.25 per share distribution for Q3 2020, payable on September 30, 2020, to stockholders of record as of September 16, 2020. The company has enacted a dividend reinvestment plan allowing stockholders to reinvest cash distributions into additional shares unless they opt for cash. Specific tax characteristics will be reported to stockholders on Form 1099. Monroe Capital focuses on senior, unitranche, junior secured debt, and equity investments in middle-market companies.
Monroe Capital Corporation (MRCC) reported strong financial results for Q2 2020, achieving a net investment income of $12.6 million ($0.61 per share) and adjusted net investment income of $12.8 million ($0.62 per share). The net asset value rose to $220.6 million ($10.37 per share), a 3.3% increase from the previous quarter. The company successfully reduced leverage from 1.47 to 1.16, primarily through portfolio paydowns, while maintaining a quarterly dividend of $0.25 per share. Key recovery from Rockdale Blackhawk contributed significantly to income, showcasing resilience amid COVID-19 challenges.
Monroe Capital Corporation (NASDAQ: MRCC) will announce its Q2 2020 financial results on August 5, 2020, after market close. A conference call to discuss the results is scheduled for August 6, 2020, at 12:00 PM ET. Investors can join via phone at (877) 312-8807 (conference ID #7495377) or through a webcast available on the company’s investor relations website. Monroe Capital focuses on investing in secured debt for middle-market companies, aiming to maximize stockholder returns through current income and capital appreciation.
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