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Stock impact report

Private Credit Manager Monroe Sells Majority Stake to Wendel [Yahoo! Finance]

Monroe Capital Corporation - Closed End Fund (MRCC) 
Last monroe capital corporation - closed end fund earnings: 3/3 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.monroebdc.com/investor-relations
Company Research Source: Yahoo! Finance
Monroe Capital, which manages almost $20 billion, according to a person familiar with the matter. Most Read from Bloomberg The acquisition would extend Paris-based Wendel's reach in private credit at a time when the lending category is booming. The agreement could be announced as soon as Tuesday, said the person, who asked not to be identified because the information is private. Timing of the announcement and other details could still change, the person said. Representatives for Wendel and Monroe didn't immediately respond to requests for comment. Founded in 2004, Chicago-based Monroe provides private credit to borrowers in the US and Canada, according to its website. Most Read from Bloomberg Businessweek ©2024 Bloomberg L.P. Recommended Stories Show less Read more
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