CHICAGO, June 09, 2017 (GLOBE NEWSWIRE) — Monroe Capital Corporation (the “Companyâ€) (Nasdaq:MRCC) announced today the pricing of an upsized underwritten public offering of 3,000,000 shares of its common stock at a public offering price of $15.00 per share, raising approximately $45.0 million in gross proceeds. The Company has granted the underwriters a 30-day option to purchase up to an additional 450,000 shares of its common stock to cover over-allotments, if any.
The Company intends to use the net proceeds from the offering to repay indebtedness, to invest in portfolio companies in accordance with its investment objectives and for other general corporate purposes. The Company will also pay operating expenses, including management and administrative fees, and may pay other expenses from the net proceeds of this offering.
Raymond James & Associates, Inc., Robert W. Baird & Co. Incorporated and Janney Montgomery Scott LLC are serving as joint book-running managers for the offering. William Blair & Company, L.L.C., Wunderlich Securities, Inc., BB&T Capital Markets, a division of BB&T Securities, LLC, National Securities Corporation, Oppenheimer & Co. Inc., Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT:LTS), and FBR Capital Markets & Co., are serving as co-managers for the offering. The closing of the transaction is subject to customary closing conditions. The shares are expected to be delivered on June 14, 2017.
Investors are advised to carefully consider the investment objective, risks, charges and expenses of the Company before investing. The preliminary prospectus supplement dated June 8, 2017, and the accompanying prospectus dated April 28, 2017, which have been filed with the Securities and Exchange Commission, contain this and other information about the Company and should be read carefully before investing.
The information in the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed. The preliminary prospectus supplement, the accompanying prospectus and this press release are not offers to sell any securities of the Company and the Company is not soliciting an offer to buy such securities in any state where such offer and sale is not permitted.
