m_and_a
confidence high
sentiment positive
materiality 0.80
MRCC to merge into HRZN in NAV-for-NAV transaction after asset sale to MCIP
MONROE CAPITAL Corp
- MRCC shareholders receive HRZN shares equal to NAV of their MRCC shares; expected to own ~37% of combined company.
- Combined company NAV ~$446M based on June 30, 2025 estimates; incremental equity capital ~$165M.
- MRCC estimates Q2 2025 NAV per share between $8.27 and $8.31; preliminary financials furnished.
- HRZN adviser HTFM agrees to $4M fee waiver over first four post-closing quarters.
- Closing expected in Q4 2025, subject to shareholder approvals and customary conditions.
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