Monroe Capital (Monroe) has closed a USD457 million term debt securitisation – Monroe Capital MML CLO XIII, LTD.
The term financing was Monroe’s eighth new issue CLO completed since 2018 and is secured by a portfolio of middle market senior secured loans.
Monroe sold securities rated from AAA through BB as well as Subordinated Notes. Monroe and its affiliates retained a majority of the Subordinated Notes in the transaction. Deutsche Bank served as the Lead Manager, Structuring Agent and Bookrunner, with Raymond James serving as Co-manager. This transaction was structured to meet and comply with both the European risk retention guidelines as well as US risk retention guidelines.
