Monroe Capital Participates in New Credit Facility to National Envelope Corporation
Chicago, IL, April 20, 2006
Monroe Capital LLC announced its participation as a co-lender with General Electric Capital Corporation, as agent, and other co-lenders, in a new $220 million senior secured credit facility for the benefit of National Envelope Corporation. National Envelope Corporation obtained the new credit facility to purchase the assets of American Envelope Company LLC, refinance existing debt and provide ongoing working capital.
Headquartered in Long Island City, NY, National Envelope Corporation is one of the world’s largest privately owned envelope manufacturers. The company operates 16 envelope manufacturing facilities and distributes its products throughout the US and Canada. National Envelope has been owned and operated by the same family for 54 years and currently ships 160 million envelopes per day. American Envelope Company LLC is a world-class designer, marketer and manufacturer of a wide range of direct mail, specialty, and transactional envelopes for multiple markets.
Monroe Capital is a specialty finance company devoted to providing innovative capital to middle-market businesses. Monroe Capital specializes in originating, structuring and providing customized financing to corporate, real estate, media and communication, and asset-based borrowers based in the U.S. and Canada in amounts of $3 million to $40 million, with an ability to agent and syndicate larger transactions. These investments include senior and junior secured debt as well as bridge loans to companies in need of immediate access to capital; flexible acquisition facilities for acquirers of opportunistic assets; mezzanine or last-out second loans that stretch a company’s debt capacity; acquisitions of distressed debt; and equity co-investments. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly. To learn more about Monroe Capital, visit www.monroecap.com.