Monroe Credit Advisors Places $50,000,000 Senior Secured Cash Flow Credit Facility

Proceeds Provide Debt for Management Buyout and Acquisitions

Chicago, IL October 25, 2011 – Monroe Credit Advisors today announced that it placed a $50,000,000 senior secured cash flow credit facility for its client, America’s Auto Auction, Inc. Proceeds of the loan were used to facilitate a management buyout of minority shareholders, refinance existing debt and provide capital for acquisitions.

Monroe managed the debt placement to achieve competitive terms and certainty of execution. The process targeted banks and commercial finance companies focused on leveraged middle market cash flow lending. The credit facility was joint-led by NXT Capital and GE Capital. Monroe Capital, the firm’s middle market lending affiliate, also participated in the facility.

Mark Gertzof, Managing Partner and a co-founder of Monroe Credit Advisors commented, “The management team at the company has done a phenomenal job growing and improving their business the last few years. We are proud that we were able to help them secure such a competitive deal with great lending partners. We accomplished this in the face of volatile capital markets and lack of a private equity sponsor.”

Headquartered in Dallas, Texas, the company was founded in 2005 and is the third largest provider of wholesale car auctions with nine locations throughout the eastern half of the United States. The company has successfully grown through consolidating auctions and organic initiatives. Dustin Miller, the company’s chief financial officer said, “This transaction provided us the opportunity to consolidate our ownership and set us up for continued growth. We could not have done this unique transaction with our existing lending relationships. Monroe Credit Advisors did an outstanding job guiding us through the process from start-to-finish.”

About Monroe Credit Advisors LLC
Monroe Credit Advisors, the investment banking affiliate of middle market lender, Monroe Capital, provides debt capital solutions to middle market companies and their investors. 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.