Testimonial

“Monroe Credit Advisors’ financing process was efficient and highly effective. Despite the complexities of the business, Monroe delivered multiple financing alternatives and helped us to secure an excellent outcome for the company. By outsourcing the financing process we were able to focus our efforts upon executing our operational plan, which will greatly help us to achieve our strategic goals for this business.” – David Webb, Principal, SunTx Capital Partners

London Broadcasting Company, Inc.

Assignment

Monroe Credit Advisors (“MCA”) was engaged to place a term loan credit facility to refinance the existing senior debt of London Broadcasting Company, Inc. (the “Company”), a SunTx Capital Partner’s portfolio investment. SunTx and the Company were seeking a flexible yet cost-effective capital provider familiar with the broadcast television space and supportive of its strategic vision for the business.

Execution

Monroe Credit Advisors worked closely with SunTx and its management team to structure an array of potential debt solutions for the Company, while also developing a comprehensive set of marketing materials positioning the complexities of the transaction for non-traditional providers of debt capital. MCA expeditiously prepared these marketing materials and distributed to its targeted list of potential capital providers, successfully generating a number of creative and compelling financing alternatives from BDC’s, multi-strategy and credit opportunity funds. MCA then assisted SunTx and the Company with the evaluation of available debt structure alternatives in order to select the best partner to support the go-forward strategic initiatives of the business. MCA also supported SunTx and the Company through the negotiation of final credit terms and legal documentation, while managing a variety of complex issues with multiple legal and credit constituents, ultimately driving a successful outcome for both the sponsor and Company.