West World Media increased its Monroe Capital credit facility to $25 million, according to a statement released on Tuesday. In the statement, Monroe indicated that increase would support the company’s continued growth.
West World, which provides movie showtimes and information for media platforms such as Google, MSN, Yahoo!, AOL, Amazon and The New York Times, originally obtained a $22.5 million unitranche facility and equity co-investment from Monroe in 2011. The original financing was used to refinance existing debt.
Last week, Monroe president and chief executive officer Ted Koenig told Private Debt Investor that the firm’s Senior Secured Direct Loan fund is 50 percent invested. The vehicle’s strategy calls for investments in secured senior and stretch senior, unitranche, second lien and last-out term loans to North American mid-market companies.
It is unclear whether the increase to West World’s facility was financed through the fund.
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