Debt Investment Fund


Monroe Credit Advisors was retained by a large New York-based debt investment fund to refinance one of its portfolio companies being forced out by its existing lender. After completing a successful turnaround in 2008, this Chicago-based manufacturer of transaction printers was experiencing declining sales and negative cash flow as a result of the global recession. The company's senior lender was unwilling to renew its loan agreement and set a deadline to be repaid in full.


Monroe Credit Advisors leveraged its credit experience and lending relationships and worked with management to solicit and negotiate replacement financing. Various financing structures were considered from a broad group of institutions including banks, commercial finance companies, factors, debt investment funds and collateral insurers. Potential lenders received a confidential information memorandum detailing the company's history, current situation, counter measures to the recession and corresponding financing needs to ride out the downturn and return to profitability. The financing solution that resulted paid out the existing lender in full, positioned the company with incremental liquidity and allowed it to operate as a going concern.

Category 3