M&A: MONROE CAPITAL Corp

Form Type: DEF 14A

Filing Date: 2024-12-27

Corporate Action: Merger

Type: New

Accession Number: 000151293124000106

Comments: Monroe Capital Corporation is holding a virtual special meeting of stockholders on February 21, 2025, to seek approval for a New Investment Advisory and Management Agreement following a significant change in control. This change is due to an equity purchase agreement dated October 21, 2024, between Monroe and Wendel SE, where Wendel will acquire a 75% interest in Monroe, leading to a change of control over Monroe Capital BDC Advisors, LLC, the company's investment advisor. Despite the change in ownership, management and terms regarding advisory services will remain unchanged. The Board unanimously supports the agreement and believes it aligns with the company’s strategic goals. Wendel’s acquisition is expected to enhance investment capabilities and provide up to $1 billion in growth capital. Stockholder approval is critical as it ensures the ongoing provision of investment advisory services amidst changes in control.

Document Link: View Document