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Monroe Capital Supports Platinum Equity's Investment in Global, The Source

1. Monroe Capital funded a senior credit facility for Platinum Equity's investment in Global. 2. Global is a major HVAC/R component distributor serving U.S. wholesalers since 1982. 3. MARS has been a long-standing partner with Global, enhancing product offerings for HVAC/R. 4. Monroe Capital specializes in private credit markets and has received multiple industry accolades. 5. The deal is Monroe's second in the HVAC/R sector, indicating market interest.

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FAQ

Why Bullish?

The partnership and investment reflect growth potential in HVAC/R, positively influencing market sentiment toward MRCC.

How important is it?

This investment may signal increased liquidity and stability in the HVAC/R market, affecting MRCC's positioning directly.

Why Long Term?

Sustained partnerships like these typically promote long-term growth trajectories in involved companies.

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PLTXMARS
CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as joint lead arranger on the funding of a senior credit facility to support the investment in Global, the Source (“Global”) by Platinum Equity. Founded in 1982 and based in Universal City, Texas, Global is a leading master distributor of HVAC/R components such as capacitors, relays, transformers, contactors, disconnects, whips, and more. Global serves HVAC/R wholesalers throughout the United States. The company has vertically integrated design and manufacturing operations, including its AmRad Manufacturing LLC subsidiary located in Palm Coast, Florida, which manufactures USA-made capacitors and Turbo 200® products. Motors & Armatures Inc. (“MARS”), based in Hauppauge, New York, is a leading distribution platform for HVAC/R parts, supplies and equipment in North America. MARS has been the exclusive sub-distributor for select Global products since 2012. The transaction marked Platinum Equity’s second recent investment in the HVAC/R industry. In July 2024, the firm invested in MARS. Global and MARS, which have a longstanding history, are joining forces to help strengthen the product and service offerings for both companies. About Monroe Capital Monroe Capital LLC (“Monroe”) is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, opportunistic, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and maintains 11 offices throughout the United States, Asia and Australia. Monroe has been recognized by both its peers and investors with various awards including Inc.’s 2024 Founder-Friendly Investors List; Private Debt Investor as the 2023 Lower Mid-Market Lender of the Decade, 2023 Lower Mid-Market Lender of the Year, 2023 CLO Manager of the Year, Americas; Global M&A Network as the 2023 Lower Mid-Markets Lender of the Year, U.S.A.; DealCatalyst as the 2022 Best CLO Manager of the Year; Korean Economic Daily as the 2022 Best Performance in Private Debt – Mid Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com.

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