Monroe Capital has acted as sole lead arranger and administrative agent on the funding of a senior secured credit facility to support the refinancing of Solterra Recycling Solutions (Solterra), a portfolio company of Roark Capital.
Based in Ewing, New Jersey, Solterra provides non-hazardous solid waste, organic waste and recycling collection and hauling services. The company serves over 30 municipalities, 400,000 residential households and 2,000 commercial customers throughout central and north New Jersey and in the Philadelphia metropolitan area.
