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Monroe Capital prices common stock offering

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Monroe Capital prices common stock offering

Monroe CapitalCorp. priced an underwritten public offering of 3.1 million common shares at $15.50 per share,raising about $48.1 million in gross proceeds.

The company also granted the underwriters an option to purchaseup to an additional 465,000 shares to cover any overallotments.

The closing of the transaction is subject to customary closingconditions. The shares are expected to be delivered July 25.

Monroe Capital plans to use the sale's net proceeds to repaydebt, to invest in portfolio companies and for other general corporate purposes.The company will also pay operating expenses and may pay other expenses from thenet proceeds. Additionally, a portion of the net proceeds may be used to fund investmentsby the company's small business investment company subsidiary.

Raymond James & Associates Inc., Robert W. Baird & Co.Inc., William Blair & Co. LLC and Janney Montgomery Scott LLC are serving asjoint book-running managers for the offering. BB&T Capital Markets, LadenburgThalmann & Co. Inc., Oppenheimer & Co. Inc., Stephens Inc. and WunderlichSecurities Inc. are serving as co-managers.