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Monroe Capital arranges acquisition of Purshe Kaplan Sterling.

BANKING AND CREDIT NEWS-December 8, 2017-Monroe Capital arranges acquisition of Purshe Kaplan Sterling

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Monroe Capital LLC has announced it acted as sole lead arranger and administrative agent on the funding of a USD 43.5 million senior credit facility to support the acquisition of Purshe Kaplan Sterling, Inc. ("PKS") by Oak Spring Holdings and Wentworth, the company said.

Based in Albany, New York, PKS is a full-service broker/dealer and financial services firm. Founded in 1993, the company has grown to over 440 offices and more than 1,200 Registered Representatives. PKS is registered with the US Securities and Exchange Commission and is a member of FINRA and the Municipal Securities Rulemaking Board.

Monroe Capital is a private credit asset management firm specializing in direct lending and special situations investing. Since 2004, the firm has provided private credit solutions to borrowers in the US and Canada. For more information, visit monroecap.com.

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Publication:M2 Banking & Credit News (BCN)
Date:Dec 8, 2017
Words:171
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