Monroe Capital Corporation Adds Two New Directors
CHICAGO, April 29, 2013 (GLOBE NEWSWIRE) -- Monroe Capital Corporation
(Nasdaq:MRCC) ("Monroe") today announced that in order to strengthen and
diversify the Company's board of directors in anticipation of future growth it
has expanded its board from five to seven members and elected two new
Joining the Monroe board, effective immediately, are Thomas J. Allison,
retired Executive Vice President and Senior Managing Director of Mesirow
Financial Consulting, LLC and Jorde M. Nathan, retired Managing Director of
Barclays Bank. Furthermore, due to the admission of additional lenders into
the Company's credit facility, Jeffrey M. Steele is no longer considered a
non-interested director. The board has appointed Mr. Allison to the Company's
audit committee as its chairperson and has appointed Mr. Nathan to the
Company's nominating and corporate governance committee.
Commenting on the elections, Monroe's Chairman and Chief Executive Officer
Theodore L. Koenig said, "We are delighted to welcome two highly experienced
executives to the Monroe board. Tom and Jorde bring a great deal of financial
leadership and corporate finance experience to our board and their input will
be invaluable as we grow the Company over time. We thank Jeff Steele for his
work as our former audit committee chairperson and look forward to his
continued participation on our board."
Mr. Allison served as Executive Vice President and Senior Managing Director of
Mesirow Financial Consulting, LLC, a full-service financial and operational
advisory consulting firm headquartered in Chicago, from 2006 until 2012. At
Mesirow, Mr. Allison managed complex turnaround situations and advised on
major reorganizations and insolvencies. He also served as CEO, CFO or CRO for
several clients. Prior to Mesirow, Mr. Allison served in various capacities at
a number of firms including Huron Consulting Group and Arthur Andersen, LLC.
Mr. Nathan was employed by Barclays Bank, a major global financial services
provider, from 2008 until 2012. Prior to Barclays, Mr. Nathan was employed by
Lehman Brothers from 1993 until 2008. As Managing Director at Barclays and
Lehman, Mr. Nathan focused on distressed, high yield and leverage loan sales
ABOUT MONROE CAPITAL CORPORATION
Monroe Capital Corporation is a publicly-traded specialty finance company that
principally invests in senior, unitranche and junior secured debt and, to a
lesser extent, unsecured debt and equity investments in middle-market
companies. The Company's investment objective is to maximize the total return
to its stockholders in the form of current income and capital appreciation.
The Company's investment activities are managed by its investment adviser,
Monroe Capital BDC Advisors, LLC, which is an investment adviser registered
under the Investment Advisers Act of 1940, as amended, and an affiliate of
Monroe Capital LLC. To learn more about Monroe Capital Corporation, visit
ABOUT MONROE CAPITAL LLC
Monroe Capital LLC is a leading provider of senior and junior debt and equity
co-investments to middle-market companies in the U.S. and Canada. Investment
types include unitranche financings, cash flow and enterprise value based
loans, acquisition facilities, mezzanine debt, second lien or last-out loans
and equity co-investments. Monroe Capital LLC prides itself on its flexible
investment approach and its ability to close and fund transactions quickly.
Monroe Capital LLC is committed to being a value-added and user-friendly
partner to owners, senior management and private equity sponsors. To learn
more about Monroe Capital LLC, visit www.monroecap.com.
This press release may contain certain forward-looking statements. Any such
statements, other than statements of historical fact, are likely to be
affected by other unknowable future events and conditions, including elements
of the future that are or are not under the Company's control, and that the
Company may or may not have considered; accordingly, such statements cannot be
guarantees or assurances of any aspect of future performance. Actual
developments and results are highly likely to vary materially from these
estimates and projections of the future. Such statements speak only as of the
time when made, and the Company undertakes no obligation to update any such
statement now or in the future.
CONTACT: Investor Contact: Aaron D. Peck
Chief Investment Officer and Chief Financial Officer
Monroe Capital Corporation
Media Contact: Kelly Holman
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