A funding worth USD78.5 million senior secured credit facility was put in place by Monroe Capital to support the acquisition of Escort Inc. The acquisition is being done by private equity sponsor Monomoy Capital Partners.

Escort Inc has a portfolio of automotive accessories and retains market leadership in the design, manufacture and distribution of radar detectors and mobile ticket protection data. The products are marketed under the brand names ESCORT and BELTRONICS.

According to Monomoy Capital Partner Justin Hillenbrand said, "Monroe Capital was able to structure a flexible senior credit facility to support the Escort acquisition in its entirety. We very much appreciate their abiloty to dedicate the resources to move quickly and close this transaction in a timely, hassle-free manner."

As one of the leading providers of senior and junior debt as well as equity co-investments to middle-market firms, Monroe Capital LLC provides instruments such as unitranche financing, enterprise value based loans, cash flow, mezzanine debt and equity co-investments.