Monroe Capital Income Plus issues $203M senior notes: $42M Series E at 6.20% due 2028, $161M Series F at 6.57% due 2030

Monroe Capital Income Plus Corp

• Issued $42M 6.20% Series E notes due July 10, 2028 and $161M 6.57% Series F notes due July 10, 2030 to institutional accredited investors in private placement.
• Notes are unsecured general obligations, guaranteed by certain subsidiaries, ranking pari passu with other unsecured unsubordinated debt.
• Covenants include minimum net worth of at least $500M (or as calculated) and minimum asset coverage ratio of 1.50x.
• Interest rate may increase 1-2% upon below-investment-grade rating event or secured debt ratio event.
• Company may redeem notes at 100% plus prepayment settlement amount; partial prepayment requires at least 10% of outstanding principal.