Key Takeaways
- • Monroe Capital led a $60m Class B Term Loan for 36th Street Capital (36SC), a US provider of structured lease and loan solutions to large and mid-sized businesses.
- • The financing will support 36SC's continued origination growth and platform expansion, per Alternative Credit Investor.
- • 36SC's portfolio is diversified across manufacturing, technology, healthcare, construction, and food and beverage, with a focus on essential-use equipment finance.
- • The deal was led by Aaron Levy and Chris Spanel, equipment finance professionals at Monroe Capital, under the direction of Kyle Asher, co-head of Monroe's alternative credit solutions group.
Summary
Monroe Capital has led a $60m Class B Term Loan for 36th Street Capital, according to Alternative Credit Investor. 36th Street Capital, referred to as 36SC, provides structured lease and loan solutions to large and mid-sized businesses across the United States. The financing is intended to support the firm's continued origination growth and platform expansion.
36SC finances essential-use equipment that companies depend on to operate. Its portfolio spans manufacturing, technology, healthcare, construction, and food and beverage, providing sector diversification within its equipment finance book.
Kyle Asher, co-head of Monroe's alternative credit solutions group, said 36th Street Capital has built a differentiated platform in essential-use equipment finance and cited its deep sector expertise, flexible approach to structuring, and strong market position. Aaron Levy and Chris Spanel, who focus on equipment finance at Monroe, led the investment. Monroe's equipment finance team provides debt, forward flow, and equity solutions to platforms across the small-, mid-, and large-ticket equipment leasing markets.
Kiran Kapur, chief executive of 36SC, said Monroe's experience in asset-backed and equipment leasing investments, combined with its flexible capital base, makes it an ideal partner for the firm's nationwide growth and customised financing offerings.
36SC finances essential-use equipment that companies depend on to operate. Its portfolio spans manufacturing, technology, healthcare, construction, and food and beverage, providing sector diversification within its equipment finance book.
Kyle Asher, co-head of Monroe's alternative credit solutions group, said 36th Street Capital has built a differentiated platform in essential-use equipment finance and cited its deep sector expertise, flexible approach to structuring, and strong market position. Aaron Levy and Chris Spanel, who focus on equipment finance at Monroe, led the investment. Monroe's equipment finance team provides debt, forward flow, and equity solutions to platforms across the small-, mid-, and large-ticket equipment leasing markets.
Kiran Kapur, chief executive of 36SC, said Monroe's experience in asset-backed and equipment leasing investments, combined with its flexible capital base, makes it an ideal partner for the firm's nationwide growth and customised financing offerings.
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