trending Market Intelligence /marketintelligence/en/news-insights/trending/Lk_NyuvB3NT3sNZIapQ0ow2 content esgSubNav
In This List

Monroe Capital starts public common stock offering


Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Banks’ Response to Rising Rates & Liquidity Concerns

Monroe Capital starts public common stock offering

Monroe Capital Corp. has started a public offering of 2,850,000 of its common shares.

The company has granted underwriters the option to buy up to an additional 427,500 common shares at the public offering price to cover any overallotments. Based on the June 8 closing share price of $15.42 and assuming full exercise of the underwriters' option, S&P Global Market Intelligence calculates a gross offering size of about $50.5 million.

The company plans to use the net proceeds to repay debt, to invest in portfolio companies and for other general corporate purposes, including paying operating expenses.

Raymond James & Associates Inc., Robert W. Baird & Co. Inc. and Janney Montgomery Scott LLC are serving as joint book-running managers.