Monroe Capital has acted as sole lead arranger and administrative agent on the funding of a USD100 million senior credit facility to support the acquisition of Echelon Group (a d/b/a of MedLien Manager) and future growth of its successor Echelon Medical Capital, a portfolio company of DRB Financial Solutions.
In addition, the credit facility also supports the continued growth of its affiliated company, US Claims.
Based in South Florida, DRB is a diversified, multi-asset specialty finance company providing liquidity solutions to individuals and businesses across several niche areas including structured settlements, litigation finance, bankruptcy trade claims, and commission advances.
The transaction supports the addition of Echelon, a specialty finance company engaged in purchasing accounts receivable related to medical liens and insurance receivables from medical providers.
The transaction represents Monroe Capital’s continued expansion of its specialty finance vertical. Since formally launching less than one year ago, Monroe Capital’s specialty finance team has executed nearly USD300 million of transactions.
