Monroe CapitalCorp. has completed apublic offering of 3.1 million common shares at $15.50 per share forgross proceeds of about $48.1 million.
The company granted underwriters an option to buy up to an additional465,000 common shares to cover any overallotments.
Monroe Capital plans to use the net proceeds to repay debt, toinvest in portfolio companies and for other general corporate purposes. The companywill also pay operating expenses and may pay other expenses from the net proceeds.It also may use part of the net proceeds to fund investments by its small-businessinvestment company unit.
Raymond James & Associates Inc., Robert W. Baird & Co.Inc., William Blair & Co. LLC and Janney Montgomery Scott LLC were joint book-runningmanagers for the offering. BB&T Capital Markets, Ladenburg Thalmann & Co.Inc., Oppenheimer & Co. Inc., Stephens Inc. and Wunderlich Securities Inc. servedas co-managers.