Monroe Credit Advisors Places $20,000,000 Term Loan for SunTx Capital Partners' Portfolio Company
Chicago, IL, March 1, 2016 – Monroe Credit Advisors (“MCA”) announced today the successful placement of a $20 million term loan for London Broadcasting Company, Inc. (“LBC”), a portfolio investment of SunTx Capital Partners (“SunTx”). LBC is a Dallas-based media business focused upon owning and operating media properties, while utilizing a local-focused programming strategy that emphasizes proprietary Texas content and local news.
MCA acted as the exclusive financial advisor to SunTx and LBC in the placement of a $20 million term loan supporting SunTx’s strategic plan for its investment in LBC. Proceeds from the financing were used to refinance LBC’s existing debt and provide additional working capital.
As SunTx’s exclusive financial advisor, Monroe Credit Advisors worked closely with SunTx and LBC’s management teams to structure, arrange and negotiate the financing. David Webb, Principal at SunTx, commented, “Monroe Credit Advisors’ financing process was efficient and highly effective. Despite the complexities of the business, Monroe delivered multiple financing alternatives and helped us secure an excellent outcome for our portfolio company. Further, 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.”
Christopher Gentry, Co-Managing Partner of Monroe Credit Advisors, added, “We are very pleased that we were able to deliver a flexible and cost-effective debt solution to support SunTx’s portfolio company. LBC represented a highly attractive investment opportunity to private debt funds that could fully grasp the credit attributes of the transaction and enterprise value of the business. Our comprehensive placement process generated a variety of structural options for LBC and delivered a number or financing proposals creating significant optionality for the client.”
Monroe Credit Advisors continues to execute upon engagements with middle market private equity sponsors seeking a comprehensive and fully outsourced debt financing solution, particularly for transactions that require a broader approach to the capital markets. Gentry adds, “The LBC transaction is an excellent example of how our private equity clients utilize us as an outsourced resource to structure a debt facility, identify an appropriate audience of potential investors and prepare detailed marketing materials, all while managing the entire capital raising process.”
About SunTx Capital Partners
Founded in 2001 and located in Dallas, Texas, SunTx Capital Partners manages more than $600 million and has developed an outstanding track record of growing businesses and providing compelling returns to its partners. The capital committed by SunTx comes from the principals of SunTx as well as from institutional investors, including leading university endowments and corporate and public pension funds. SunTx invests in established growth-oriented middle-market manufacturing, distribution and service companies located in the Sun Belt region of the US. SunTx builds partnerships with talented management teams in industries where the firm can leverage its operational experience and financial expertise to improve operating results, drive cash generation, and grow businesses into leading middle-market companies. The firm partners with experienced owners and management teams whose interests and values align with its own. SunTx focuses on longer-term investment horizons than many private equity firms and takes control investment positions. To learn more about SunTx Capital Partners, visit www.suntxcapitalpartners.com.
About Monroe Credit Advisors LLC
Monroe Credit Advisors, the boutique investment banking affiliate of middle market lender, Monroe Capital, provides debt capital solutions to middle market companies and their investors through strategies built for today's dynamic credit markets. The firm advises on structuring and arranging credit through its relationships with a broad spectrum of debt providers including banks, commercial finance companies, debt investment funds and leasing companies. The firm’s experienced team of leveraged finance professionals approaches the market with a lender's perspective, delivering to its clients real time market intelligence and structuring expertise that results in significant savings of time and money, as well as increased certainty of execution. To learn more about Monroe Credit Advisors, visit www.monroecredit.com.