Monroe Capital LLC announced today it served as sole lead arranger and administrative agent on a $100 million senior credit facility to back the acquisition of Echelon Group and assist with the growth of both its successor Echelon Medical Capital, LLC and US Claims.
Echelon Medical Capital is a portfolio company of DRB. DRB is a multi-asset specialty finance company which provides liquidity for areas such as structured settlements, litigation finance, bankruptcy trade claims and commission advances.
In less than one full year of operations Monroe Capital has executed close to $300 million in transactions. It provides senior and junior debt and equity co-investments to middle market companies in Canada and the United States through such vehicles as unitranche financings, cash flow and enterprise value-based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans, and equity co-investments.