Monroe Capital Corporation (MRCC) advances SLF wind-down ahead of Horizon merger

Rhea-AI Filing Summary

Monroe Capital Corporation reports that MRCC Senior Loan Fund I, LLC, its senior secured loan co-investment vehicle with Life Insurance Company of the Southwest, has formally entered wind-down and dissolution.

On December 10, 2025, SLF’s Board of Managers approved resolutions under the 2017 LLC Agreement to dissolve SLF and conduct an orderly liquidation of remaining portfolio investments and other non-cash assets on or before December 31, 2025.

The company does not expect to incur early termination penalties or fees in connection with ending the LLC Agreement and does not expect any material continuing obligations after termination.

Insights

Credit & BDC analyst

MRCC formalizes the wind-down of a co-investment fund with no expected penalties.

Monroe Capital Corporation confirms that MRCC Senior Loan Fund I, LLC, its senior secured loan co-investment vehicle with Life Insurance Company of the Southwest, will be dissolved. This follows earlier steps to wind down SLF in advance of the proposed merger with Horizon Technology Finance Corporation, indicating the process is moving as previously described.

The SLF Board approved dissolution under the 2017 LLC Agreement, with an orderly liquidation of remaining portfolio investments and other non-cash assets targeted on or before December 31, 2025. This suggests an organized exit rather than a distressed unwind, although the excerpt does not quantify remaining assets or any impact on Monroe Capital’s investment income.

Importantly, Monroe Capital states it does not expect early termination penalties, fees, or material continuing obligations under the LLC Agreement after termination. That limits direct cost risk from ending this structure; any future impact will depend on how the SLF liquidation proceeds and how the proposed merger and new investment arrangements are implemented.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): December 10, 2025

Monroe Capital Corporation

(Exact name of registrant as specified in its charter)

Maryland

814-00866

27-4895840

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

155 North Wacker Drive, 35th Floor, Chicago, IL						60606
(Address of principal executive offices)						(Zip Code)

(312) 258-8300

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.001 per share

MRCC

The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 1.02. Termination of a Material Definitive Agreement.

Since 2017, Monroe Capital Corporation (the “Company”) has co-invested with Life Insurance Company of the Southwest (“LSW”) in senior secured loans through MRCC Senior Loan Fund I, LLC (“SLF”). As previously disclosed, the Company and LSW agreed to work toward a wind-down of SLF in advance of the proposed merger between the Company and Horizon Technology Finance Corporation, and during the quarter ended September 30, 2025, SLF began actively selling portfolio investments.

On December 10, 2025, SLF’s Board of Managers, pursuant to SLF’s Limited Liability Company Agreement, dated October 31, 2017 (as amended, the “LLC Agreement”), adopted resolutions approving the wind-down and dissolution of SLF. SLF anticipates an orderly liquidation of SLF’s remaining portfolio investments and other non-cash assets to occur on or before December 31, 2025.

The Company does not expect to incur any early termination penalties or fees in connection with the dissolution and related termination of the LLC Agreement and does not expect to have any material continuing obligations thereunder following termination.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			MONROE CAPITAL CORPORATION
Date: December 16, 2025			By:			/s/ Lewis W. Solimene, Jr.
			Name:			Lewis W. Solimene, Jr.
			Title:			Chief Financial Officer and Chief Investment Officer

FAQ

What did Monroe Capital Corporation (MRCC) announce about MRCC Senior Loan Fund I, LLC?

Monroe Capital Corporation disclosed that the Board of Managers of MRCC Senior Loan Fund I, LLC has approved the wind-down and dissolution of the fund under its 2017 LLC Agreement.

Why is MRCC Senior Loan Fund I, LLC being wound down?

The company previously agreed with Life Insurance Company of the Southwest to work toward a wind-down of SLF in advance of the proposed merger between Monroe Capital Corporation and Horizon Technology Finance Corporation.

What is the expected timing of the SLF liquidation for Monroe Capital Corporation (MRCC)?

SLF anticipates an orderly liquidation of its remaining portfolio investments and other non-cash assets to occur on or before December 31, 2025.

Will Monroe Capital Corporation incur penalties from terminating the SLF LLC Agreement?

Monroe Capital Corporation states that it does not expect to incur any early termination penalties or fees in connection with the dissolution and related termination of the LLC Agreement.

Does Monroe Capital Corporation expect ongoing obligations after SLF is terminated?

The company does not expect to have any material continuing obligations under the MRCC Senior Loan Fund I, LLC Agreement following its termination.

Who was Monroe Capital Corporation’s co-investment partner in MRCC Senior Loan Fund I, LLC?

Since 2017, Monroe Capital Corporation has co-invested in senior secured loans through SLF with Life Insurance Company of the Southwest.