SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  Monroe Capital Provides $15.5 Million Senior Secured Credit Facility to Employee Benefit Solutions, Inc.

[June 17, 2014]

Monroe Capital Provides $15.5 Million Senior Secured Credit Facility to Employee Benefit Solutions, Inc.

CHICAGO --(Business Wire)--

Monroe Capital LLC today announced the funding of a $15.5 million senior secured credit facility to support the acquisition of Employee Benefit Solutions, Inc. ("EBS") by Pharos Capital Group, LLC.

Based in White Plains, New York, EBS is a leading provider of healthcare cost containment and wellness programs for small and mid-sized employers. EBS is best known for its primary product, the Difference Card™, an employer-funded debit card programmed for reimbursement of approved out-of-pocket employee healthcare expenditures.

This transaction is representative of Monroe Capital's extensive capailities in its healthcare vertical.


About Monroe Capital

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 prides itself on its flexible investment approach and its ability to close and fund transactions quickly. Monroe is committed to being a value-added and user-friendly partner to owners, senior management and private equity sponsors. Monroe has been recognized by Global M&A Network as the 2013 Small Mid Market Lender of the Year and by Private Debt Investor as the 2013 Unitranche Lender of the Year. To learn more about Monroe Capital LLC, visit www.monroecap.com.


[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved | Privacy Policy