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Monroe Capital starts public debt offering

Monroe Capital Corp. is offering unsecured notes due 2023 to the public.

The company will apply for the notes to be listed and trade on the Nasdaq Global Select Market. If approved, the notes should begin trading within 30 days of the original issue date.

Monroe Capital intends to use net proceeds to invest in portfolio companies and for other general corporate purposes, including payments of operating expenses. It also plans to use a part of the proceeds to repay outstanding debt under its revolving credit facility. As of Aug. 31, the company had $114.4 million of debt outstanding under the facility.

Ladenburg Thalmann & Co. Inc., BB&T Capital Markets and Janney Montgomery Scott LLC are acting as book-running managers for the offering. B. Riley FBR Inc., Oppenheimer & Co. and William Blair are acting as lead managers. National Securities Corp. and Wedbush Securities Inc. are acting as co-managers.