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Monroe Capital Supports Crossplane Capital's Acquisition of Mooring USA

1. Monroe Capital arranged funding for Crossplane Capital's acquisition of Mooring USA. 2. Mooring specializes in disaster restoration, enhancing Monroe's commercial service portfolio.

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$7.586309/04 12:34 PM EDTLatest Updated
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FAQ

Why Bullish?

Monroe's involvement in financing strategic acquisitions indicates strong growth prospects, similar to past successful arrangements that improved stock performance.

How important is it?

The article showcases Monroe's capacity to participate in significant transactions, likely increasing investor confidence and interest.

Why Short Term?

The immediate market reaction to Monroe's role in acquisitions can influence investor sentiment and stock price quickly.

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CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Mooring USA (“Mooring”) by private equity sponsor Crossplane Capital. Founded in 2004 and headquartered in Fort Worth, TX, Mooring is a third-generation, family-owned company providing 24/7 end-to-end disaster restoration and commercial construction services. Specializing in fir.

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