Monroe Capital Participates In New Credit Facility To MedPlast

Chicago, IL - Monroe Capital LLC announced its participation as a co-lender with CIT Healthcare LLC, as agent, in a $39M senior secured credit facility in connection with the acquisition of MedPlast, Inc. by Baird Capital Partners. MedPlast, Inc. will use the facility to provide financing for the acquisition and ongoing working capital.

Baird Capital Partners, a Chicago-based private equity firm, formed MedPlast, Inc. to acquire and combine ATP Engineered Rubber & Plastics Group and K&W Medical Specialties, Inc. MedPlast, Inc. is a fully integrated specialty manufacturer, primarily serving the medical device industry, of precision molded plastic and rubber components with tooling and molding expertise, clean room capabilities, integrated assemblies, and design capabilities.

Theodore L. Koenig, President & CEO of Monroe Capital, said, "We continue to provide financial solutions to quality companies and their sponsors in a strained credit market. We are excited to work with Baird Capital Partners, the management of MedPlast, Inc. and the rest of the deal team."

SOURCE: Monroe Capital LLC