Monroe provides unitranche deal for tech accessory maker

The $55 million loan will aid Incipio Technologies’ expansion plans which include potential acquisitions.

Chicago-based lender Monroe Capital has issued a $55 million unitranche loan to Incipio Technologies, an Irvine, California-based maker of mobile device accessories. Monroe was the sole lead arranger and administrative agent on the transaction, which is designed to support the company’s growth. 

“After a record year for the company in 2014, I am pleased to announce our new partnership with Monroe Capital, which shares the same entrepreneurial spirit that has made Incipio successful,” said Andy Fathollahi, founder and chief executive of Incipio, in a statement. “The new unitranche credit facility will provide us with increased flexibility as we continue to grow – both organically and through acquisitions – within the rapidly expanding mobile device accessories industry.”  

Incipio is the designer and manufacturer of mobile device accessories and technology, such as iPhone and tablet cases, chargers and headphones. The company’s products are sold worldwide in consumer and electronics retailers, mobile retailers and its website. 

Monroe Capital provides senior and junior debt and equity co-investments to mid-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments.