Footprint Retail Services

ASSIGNMENT

Monroe Credit Advisors was engaged by Chicago Growth Partners to refinance the debt of its portfolio company, Footprint Retail Services.  The Company’s existing debt facilities were maturing and the team was seeking a new lending group that could accommodate the future needs of the business and close under an expedited timeframe.

EXECUTION

Monroe Credit Advisors worked diligently with Chicago Growth and the Footprint team to underwrite and structure a transaction that would meet the Company’s goal of refinancing its existing lenders under a new facility that could accommodate a significant increase in working capital and future growth.  Monroe quickly prepared the materials for market, established a targeted list of potential lenders that would be interested in this unique business and quickly ramped up the process to generate term sheets and options.  Monroe was able to successfully generate several financing alternatives for the Company to consider from a combination of senior ABL lenders, commercial finance companies, debt funds and mezzanine lenders that focus on middle market asset based and cash flow transactions.  Monroe helped negotiate the credit terms and documentation, managed the issues from multiple lending constituents and drove the team towards a successful closing.