Monroe Capital (MRCC) Q2 2023 Earnings Call Transcript


Monroe Capital (NASDAQ:MRCC) Q2 2023 Results Conference Call August 10, 2023 11:00 AM ET

Company Participants

Ted Koenig – Chief Executive Officer

Mick Solimene – Chief Financial Officer & Chief Investment Officer

Alex Parmacek – Deputy Portfolio Manager

Conference Call Participants

Christopher Nolan – Ladenburg Thalmann

Operator

Welcome to Monroe Capital Corporation’s Second Quarter 2023 Earnings Conference Call.

Before we begin, I would like to take a moment to remind our listeners that remarks made during this call may contain certain forward-looking statements, including statements regarding our goals, strategies, beliefs, future potential, operating results and cash flows.

Although we believe these statements are reasonable based on management’s estimates, assumptions and projections as of today, August 10, 2023. These statements are not guarantees of future performance. Further, time-sensitive information may no longer be accurate as of the time of any replay or listening.

Actual results may differ materially as a result of risks, uncertainties or other factors, including, but not limited to, the risk factors described from time to time in the company’s filings with the SEC. Monroe Capital takes no obligation to update or revise these forward-looking statements.

I will now turn the conference over to Ted Koenig, Chief Executive Officer of Monroe Capital Corporation.

Ted Koenig

Good morning, and thank you to everyone who has joined us on our earnings call today. I am here with Mick Solimene, our CFO and Chief Investment Officer; and Alex Parmacek, our Deputy Portfolio Manager.

Last evening, we issued our second quarter 2023 earnings press release and filed our 10-Q with the SEC. An uncertain economic backdrop, elevated interest rates and volatility in the bank and syndicated capital markets continue to make direct lenders such as Monroe Capital consistent and reliable sources of capital. Direct lenders continue to amass a larger share of the middle market lending



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