Monroe Capital LLC today announced the funding of a $15.5 million senior
secured credit facility to support the acquisition of Employee Benefit
Solutions, Inc. ("EBS") by Pharos Capital Group, LLC.
Based in White Plains, New York, EBS is a leading provider of healthcare
cost containment and wellness programs for small and mid-sized
employers. EBS is best known for its primary product, the Difference
Card™, an employer-funded debit card programmed for reimbursement of
approved out-of-pocket employee healthcare expenditures.
This transaction is representative of Monroe Capital's extensive
capailities in its healthcare vertical.
About Monroe Capital
Monroe Capital LLC is a leading provider of senior and junior debt and
equity co-investments to middle-market companies in the U.S. and Canada.
Investment types include unitranche financings, cash flow and enterprise
value based loans, acquisition facilities, mezzanine debt, second lien
or last-out loans and equity co-investments. Monroe Capital prides
itself on its flexible investment approach and its ability to close and
fund transactions quickly. Monroe is committed to being a value-added
and user-friendly partner to owners, senior management and private
equity sponsors. Monroe has been recognized by Global M&A Network as the
2013 Small Mid Market Lender of the Year and by Private Debt Investor as
the 2013 Unitranche Lender of the Year. To learn more about Monroe
Capital LLC, visit www.monroecap.com.
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