New Monroe Capital unit gets $100 million secured five-year term loan

By William Gullotti

Buffalo, N.Y., April 1 – Monroe Capital Income Plus Corp., via a newly created and wholly owned subsidiary MC Income Plus Financing SPV III LLC, entered into a $100 million senior secured term credit facility with Goldman Sachs Bank USA as administrative agent on March 28, according to an 8-K filed with the Securities and Exchange Commission.

Interest is at SOFR plus 295 basis points.

The facility matures April 5, 2029.

The agreement is structured to include a purchase and contribution agreement, where the parent company is the collateral manager and the subsidiary is the pledger.

In addition to acting as administrative agent, Goldman Sachs is also the syndication agent and collateral agent. U.S. Bank Trust Co., NA is the collateral agent and collateral administrator. U.S. Bank NA is the collateral custodian.

The middle-market lender and private credit asset management firm is based in Chicago.

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