• Monroe Capital Corporation BDC Announces Fourth Quarter and Full Year 2021 Results

    Источник: Nasdaq GlobeNewswire / 02 мар 2022 17:08:05   America/New_York

    CHICAGO, March 02, 2022 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (Nasdaq: MRCC) (“Monroe”) today announced its financial results for the fourth quarter and full year ended December 31, 2021. The Board of Directors of Monroe also declared its first quarter distribution of $0.25 per share, payable on March 31, 2022 to stockholders of record on March 16, 2022.

    Except where the context suggests otherwise, the terms “Monroe,” “we,” “us,” “our,” and “Company” refer to Monroe Capital Corporation.

    Fourth Quarter 2021 Financial Highlights

    • Net Investment Income of $5.4 million, or $0.25 per share
    • Adjusted Net Investment Income (a non-GAAP measure described below) of $5.4 million, or $0.25 per share
    • Net increase in net assets resulting from operations of $6.8 million, or $0.32 per share
    • Net Asset Value (“NAV”) of $249.5 million, or $11.51 per share
    • Paid quarterly dividend of $0.25 per share on December 31, 2021

    Full Year 2021 Financial Highlights

    • Net investment income of $22.2 million, or $1.03 per share
    • Adjusted Net Investment Income (a non-GAAP measure described below) of $22.5 million, or $1.04 per share
    • Net increase in net assets resulting from operations of $32.5 million, or $1.51 per share

    Chief Executive Officer Theodore L. Koenig commented, “We are pleased to report another quarter of strong and consistent financial results. During the fourth quarter, we reported our seventh consecutive quarterly increase in our Net Asset Value. Adjusted Net Investment Income for the quarter covered our dividend and our current annual cash dividend to shareholders is approximately 9.2%(1).   The M&A market continues to be very active, and we are well positioned to support the financing needs of our clients that have resilient business models and positive long-term outlooks. As part of the Monroe Capital platform we are a significant player in providing private credit in the lower middle market and our new deal pipeline remains strong for both sponsored and non-sponsored transactions. As always, we continue to be focused on adhering to our underwriting principles and generating strong risk-adjusted returns to create shareholder value.”

    Monroe Capital Corporation is a business development company affiliate of the award winning private credit investment firm and lender, Monroe Capital LLC.

    (1) Based on an annualized dividend and closing share price as of March 1, 2022.

    Management Commentary

    We are pleased to report Adjusted Net Investment Income of $5.4 million or $0.25 per share for the quarter ended December 31, 2021. This compares with $6.4 million or $0.30 per share for the quarter ended September 30, 2021. See Non-GAAP Financial Measure – Adjusted Net Investment Income discussion below.

    NAV increased by $0.06 per share, or 0.5%, to $249.5 million or $11.51 per share as of December 31, 2021, compared to $246.7 million or $11.45 per share as of September 30, 2021. The NAV increase of $0.06 per share was primarily the result of net realized and unrealized gains on the portfolio.

    During the quarter, MRCC’s regulatory debt-to-equity leverage increased from 1.11 times debt-to-equity to 1.13 times debt-to equity. We continue to focus on managing our investment portfolio and selectively redeploying capital over time to modestly increase MRCC’s leverage.


    Selected Financial Highlights

    (in thousands, except per share data)

     December 31, 2021 September 30, 2021
    Consolidated Statements of Assets and Liabilities data:  (unaudited)
    Investments, at fair value$561,693 $553,744
    Total assets$590,458 $579,451
    Total net assets$249,471 $246,650
    Net asset value per share$11.51 $11.45
        
     For the quarter ended
     December 31, 2021 September 30, 2021
    Consolidated Statements of Operations data:(unaudited)
    Net investment income$5,373 $6,312
    Adjusted net investment income (2)$5,401 $6,383
    Net gain (loss)$1,462 $927
    Net increase (decrease) in net assets resulting from operations$6,835 $7,239
        
    Per share data:   
    Net investment income$0.25 $0.29
    Adjusted net investment income (2)$0.25 $0.30
    Net gain (loss)$0.07 $0.05
    Net increase (decrease) in net assets resulting from operations$0.32 $0.34
        

    ______

    (2) See Non-GAAP Financial Measure – Adjusted Net Investment Income below for a detailed description of this non-GAAP measure and a reconciliation from net investment income to Adjusted Net Investment Income. The Company uses this non-GAAP financial measure internally in analyzing financial results and believes that this non-GAAP financial measure is useful to investors as an additional tool to evaluate ongoing results and trends for the Company.

    Portfolio Review

    The Company had debt and equity investments in 96 portfolio companies, with a total fair value of $561.7 million as of December 31, 2021, as compared to debt and equity investments in 97 portfolio companies, with a total fair value of $553.7 million, as of September 30, 2021. The Company’s portfolio consists primarily of first lien loans, representing 84.6% of the portfolio as of December 31, 2021, and 84.8% of the portfolio as of September 30, 2021. As of December 31, 2021, the weighted average contractual and effective yield on the Company’s debt and preferred equity investments was 7.9% and 8.0%, respectively, as compared to the weighted average contractual and effective yield of 7.9% and 7.9%, respectively, as of September 30, 2021. Portfolio yield is calculated only on the portion of the portfolio that has a contractual coupon and therefore does not account for dividends on equity investments (other than preferred equity). As of December 31, 2021, 2.6% of the Company’s total investments at fair value were on non-accrual as compared to 3.1% as of September 30, 2021.

    Financial Review

    Results of Operations: Fourth Quarter 2021

    Net Investment Income for the quarter ended December 31, 2021 totaled $5.4 million, or $0.25 per share, compared to $6.3 million, or $0.29 per share, for the quarter ended September 30, 2021. Adjusted Net Investment Income was $5.4 million, or $0.25 per share, for the quarter ended December 31, 2021, compared to $6.4 million, or $0.30 per share, for the quarter ended September 30, 2021. Investment income for the quarter ended December 31, 2021 totaled $13.0 million, compared to $15.2 million for the quarter ended September 30, 2021, which included $1.7 million in additional interest and dividend income as certain investments were returned to accrual status due to improvements in underlying credit performance. Total expenses for the quarter ended December 31, 2021 totaled $7.7 million, compared to $8.9 million for the quarter ended September 30, 2021. The $1.2 million decrease in expenses during the quarter was primarily driven by lower incentive fees, net of associated fee waivers, as a result of lower net investment income.

    Net gain (loss) was $1.5 million for the quarter ended December 31, 2021, compared to $0.9 million for the quarter ended September 30, 2021. Net realized and unrealized gains (losses) on investments were $1.6 million for the quarter. Other net gains (losses) totaled ($0.1) million for the quarter ended December 31, 2021, comprised of net realized and unrealized gains on foreign currency forward contracts and other foreign currency transactions.

    Net increase (decrease) in net assets resulting from operations was $6.8 million, or $0.32 per share, for the quarter ended December 31, 2021, compared to $7.2 million, or $0.34 per share, for the quarter ended September 30, 2021.

    Results of Operations: Full Year 2021

    Net investment income for the year ended December 31, 2021 totaled $22.2 million, or $1.03 per share, compared to $30.4 million, or $1.45 per share, for the year ended December 31, 2020. Adjusted Net Investment Income was $22.5 million, or $1.04 per share, for the year ended December 31, 2021, compared to $30.8 million, or $1.47 per share, for the year ended December 31, 2020. Total investment income for the year ended December 31, 2021 totaled $53.8 million, compared to $61.6 million for the year ended December 31, 2020. The $7.8 million decrease as compared to the prior year was primarily the result of the inclusion of $7.4 million of previously unrecorded interest and fee income associated with the Company’s investment in Rockdale Blackhawk, LLC during the year ended December 31, 2020. Total expenses, net of incentive fee and management fee waivers, for the year ended December 31, 2021 totaled $31.7 million, compared to $31.2 million for the year ended December 31, 2020. The $0.5 million increase during the year was primarily driven by an increase in incentive fees, net of associated fee waivers, partially offset by a decrease in interest expense as a result of lower average debt outstanding. There were zero incentive fee limitations during the year ended December 31, 2021 compared to $5.0 million for the year ended December 31, 2020 due to the total return requirement. Please refer to the Company’s Form 10-K for additional information on the incentive fee calculation and associated limitation.

    Net gain (loss) was $10.3 million for the year ended December 31, 2021, compared to ($28.7) million for the year ended December 31, 2020. During the year ended December 31, 2021, the increase in net gain was primarily attributable to unrealized gains related to specific credit or fundamental performance of underlying portfolio companies, a significant portion of which was as a result of the recovery of underlying portfolio companies from the economic impact of COVID-19.

    Net increase (decrease) in net assets resulting from operations was $32.5 million, or $1.51 per share, for the year ended December 31, 2021, compared to $1.6 million, or $0.08 per share, for the year ended December 31, 2020.

    Liquidity and Capital Resources

    At December 31, 2021, the Company had $2.6 million in cash, $15.5 million in restricted cash at Monroe Capital Corporation SBIC LP (“MRCC SBIC”), $151.0 million of debt outstanding on its revolving credit facility, $130.0 million of debt outstanding on its 2026 Notes, and $56.9 million in outstanding SBA debentures. As of December 31, 2021, the Company had approximately $104.0 million available for additional borrowings on its revolving credit facility, subject to borrowing base availability.

    SBIC Subsidiary

    As of December 31, 2021, MRCC SBIC had $57.6 million in leverageable capital, $15.5 million in cash and $87.2 million in investments at fair value. As of December 31, 2021, the Company had $56.9 million in SBA debentures outstanding. On March 1, 2022, utilizing a borrowing on the Company’s revolving credit facility and available cash, MRCC SBIC repaid all of its remaining SBA debentures and transferred its positions to MRCC. Additionally, MRCC SBIC notified the SBA of its intent to surrender its license to operate as an SBIC. While the repayment of the SBA debentures will increase the level of regulatory leverage at MRCC, it reduced total consolidated leverage, all other things being equal. This should reduce the drag associated with the restricted cash balances historically held at MRCC SBIC and positively impact net investment income and earnings going forward.

    MRCC Senior Loan Fund

    MRCC Senior Loan Fund I, LLC (“SLF”) is a joint venture with Life Insurance Company of the Southwest (“LSW”), an affiliate of National Life Insurance Company. SLF invests primarily in senior secured loans to middle market companies in the United States. The Company and LSW have each committed $50.0 million of capital to the joint venture. As of December 31, 2021, the Company had made net capital contributions of $42.2 million in SLF with a fair value of $41.1 million, as compared to net capital contributions of $42.2 million in SLF with a fair value of $41.3 million at September 30, 2021. During the quarter ended December 31, 2021, the Company received an income distribution from SLF of $1.0 million, compared to the $1.0 million received during the quarter ended September 30, 2021. During the year ended December 31, 2021, the Company received income distributions from SLF of $4.3 million, compared to the $4.4 million received for the year ended December 31, 2020. The SLF’s underlying investments are loans to middle-market borrowers that are generally larger than the rest of MRCC’s portfolio which is focused on lower middle-market companies. The SLF’s portfolio decreased value by 0.3% during the quarter, from 99.1% of amortized cost as of September 30, 2021 to 98.8% of amortized cost as of December 31, 2021.

    As of December 31, 2021, SLF had total assets of $194.6 million (including investments at fair value of $189.1 million), total liabilities of $112.4 million (including borrowings under the $175.0 million secured revolving credit facility with Capital One, N.A. (the “SLF Credit Facility”) of $94.8 million) and total members’ capital of $82.2 million. As of September 30, 2021, SLF had total assets of $196.6 million (including investments at fair value of $192.5 million), total liabilities of $114.0 million (including borrowings under the SLF Credit Facility of $104.6 million) and total members’ capital of $82.6 million.

    Non-GAAP Financial Measure – Adjusted Net Investment Income

    On a supplemental basis, the Company discloses Adjusted Net Investment Income (including on a per share basis) which is a financial measure that is calculated and presented on a basis of methodology other than in accordance with generally accepted accounting principles of the United States of America (“non-GAAP”). Adjusted Net Investment Income represents net investment income, excluding the net capital gains incentive fee and income taxes. The Company uses this non-GAAP financial measure internally in analyzing financial results and believes that this non-GAAP financial measure is useful to investors as an additional tool to evaluate ongoing results and trends for the Company. The management agreement with the Company’s advisor provides that a capital gains incentive fee is determined and paid annually with respect to realized capital gains (but not unrealized capital gains) to the extent such realized capital gains exceed realized and unrealized capital losses for such year. Management believes that Adjusted Net Investment Income is a useful indicator of operations exclusive of any net capital gains incentive fee as net investment income does not include gains associated with the capital gains incentive fee.

    The following table provides a reconciliation from net investment income (the most comparable GAAP measure) to Adjusted Net Investment Income for the periods presented:

     For the quarter ended
     December 31, 2021 September 30, 2021
     Amount Per Share Amount Amount Per Share Amount
     (in thousands, except per share data)
    Net investment income$5,373 $0.25 $6,312 $0.29
    Net capital gains incentive fee -  -  -  -
    Income taxes, including excise taxes 28  -  71  0.01
    Adjusted Net Investment Income$5,401 $0.25 $6,383 $0.30
            


     For the year ended
     December 31, 2021 December 31, 2020
     Amount Per Share Amount Amount Per Share Amount
     (in thousands, except per share data)
    Net investment income$22,168 $1.03 $30,388 $1.45
    Net capital gains incentive fee -  -  -  -
    Income taxes, including excise taxes 282  0.01  370  0.02
    Adjusted Net Investment Income$22,450 $1.04 $30,758 $1.47
            

    Adjusted Net Investment Income may not be comparable to similar measures presented by other companies, as it is a non-GAAP financial measure that is not based on a comprehensive set of accounting rules or principles and therefore may be defined differently by other companies. In addition, Adjusted Net Investment Income should be considered in addition to, not as a substitute for, or superior to, financial measures determined in accordance with GAAP.

    Fourth Quarter 2021 Financial Results Conference Call

    The Company will host a webcast and conference call to discuss these operating and financial results on Thursday, March 3, 2022 at 11:00 am ET. The webcast will be hosted on a webcast link located in the Investor Relations section of the Company’s website at http://ir.monroebdc.com/events.cfm. To participate in the conference call, please dial (877) 312-8807 approximately 10 minutes prior to the call. Please reference conference ID #9853699.

    For those unable to listen to the live broadcast, the webcast will be available for replay on the Company’s website approximately two hours after the event.

    For a more detailed discussion of the financial and other information included in this press release, please also refer to the Company’s Form 10-K for the year ended December 31, 2021 to be filed with the SEC (www.sec.gov) on March 2, 2022.

    First Quarter 2022 Distribution

    The Board of Directors of Monroe declared its first quarter distribution of $0.25 per share, payable on March 31, 2022 to stockholders of record on March 16, 2022. In October 2012, the Company adopted a dividend reinvestment plan that provides for reinvestment of distributions on behalf of its stockholders, unless a stockholder elects to receive cash prior to the record date. When the Company declares a cash distribution, stockholders who have not opted out of the dividend reinvestment plan prior to the record date will have their distribution automatically reinvested in additional shares of the Company’s capital stock. The specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company’s periodic report filed with the SEC.

     
    MONROE CAPITAL CORPORATION
    CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES
    (in thousands, except per share data)
            
       December 31, 2021 September 30, 2021 December 31, 2020
         (unaudited)  
    ASSETS      
    Investments, at fair value:      
     Non-controlled/non-affiliate company investments $430,287  $416,667  $398,040 
     Non-controlled affiliate company investments  90,281   95,746   109,715 
     Controlled affiliate company investments  41,125   41,331   39,284 
     Total investments, at fair value (amortized cost of: $576,178, $582,828 and $596,103, respectively)  561,693   553,744   547,039 
    Cash  2,622   7,031   6,769 
    Restricted cash  15,459   8,045   25,657 
    Unrealized gain on foreign currency forward contracts  781   863   - 
    Interest receivable  9,476   9,389   4,606 
    Other assets  427   379   1,052 
              Total assets  590,458   579,451   585,123 
            
    LIABILITIES      
    Debt:      
     Revolving credit facility  151,045   144,425   126,559 
     2023 Notes  -   -   109,000 
     2026 Notes  130,000   130,000   - 
     SBA debentures payable  56,900   56,900   115,000 
         Total debt  337,945   331,325   350,559 
     Less: Unamortized deferred financing costs  (5,794)  (6,318)  (7,052)
         Total debt, less unamortized deferred financing costs  332,151   325,007   343,507 
    Interest payable  3,304   1,334   2,764 
    Unrealized loss on foreign currency forward contracts  -   -   113 
    Management fees payable  2,454   2,399   1,978 
    Incentive fees payable  435   1,578   - 
    Accounts payable and accrued expenses  2,643   2,448   2,327 
    Directors' fees payable  -   35   - 
              Total liabilities  340,987   332,801   350,689 
              Net assets $249,471  $246,650  $234,434 
            
    ANALYSIS OF NET ASSETS      
    Common stock, $0.001 par value, 100,000 shares authorized, 21,666, 21,544, and 21,304 shares     
          issued and outstanding, respectively $22  $22  $21 
    Capital in excess of par value  298,687   297,586   294,897 
    Accumulated undistributed (overdistributed) earnings  (49,238)  (50,958)  (60,484)
              Total net assets $249,471  $246,650  $234,434 
    Net asset value per share $11.51  $11.45  $11.00 
            


    MONROE CAPITAL CORPORATION
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (in thousands, except per share data)
            
     For the quarter ended For the year ended
     December 31, 2021 September 30, 2021 December 31, 2021 December 31, 2020
     (unaudited) (audited)
    Investment income:       
    Non-controlled/non-affiliate company investments:       
    Interest income$8,574  $8,495  $33,381  $42,928 
    Payment-in-kind interest income 550   405   1,836   3,928 
    Dividend income 116   234   400   10 
    Fee income 166   288   1,231   3,222 
    Total investment income from non-controlled/non-affiliate company investments 9,406   9,422   36,848   50,088 
    Non-controlled affiliate company investments:       
    Interest income 925   1,561   5,150   2,098 
    Payment-in-kind interest income 1,444   2,508   6,484   4,848 
    Dividend income 203   698   987   147 
    Fee income 36   -   36   - 
    Total investment income from non-controlled affiliate company investments 2,608   4,767   12,657   7,093 
    Controlled affiliate company investments:       
    Dividend income 1,025   1,025   4,325   4,400 
    Total investment income from controlled affiliate company investments 1,025   1,025   4,325   4,400 
              Total investment income 13,039   15,214   53,830   61,581 
            
    Operating expenses:       
    Interest and other debt financing expenses 3,855   3,924   16,074   17,989 
    Base management fees 2,454   2,399   9,514   9,807 
    Incentive fees 862   1,578   3,690   712 
    Professional fees 283   264   1,013   1,023 
    Administrative service fees 337   327   1,357   1,300 
    General and administrative expenses 239   304   1,072   989 
    Directors' fees 35   35   144   145 
    Expenses before base management fee and incentive fee waivers 8,065   8,831   32,864   31,965 
    Base management fee waivers -   -   -   (430)
    Incentive fee waivers (427)  -   (1,484)  (712)
    Total expenses, net of base management fee and incentive fee waivers 7,638   8,831   31,380   30,823 
    Net investment income before income taxes 5,401   6,383   22,450   30,758 
    Income taxes, including excise taxes 28   71   282   370 
    Net investment income 5,373   6,312   22,168   30,388 
            
    Net gain (loss):       
    Net realized gain (loss):       
    Non-controlled/non-affiliate company investments (7,659)  (9,435)  (16,127)  2,551 
    Non-controlled affiliate company investments (5,387)  -   (5,637)  - 
    Extinguishment of debt -   (336)  (3,110)  - 
    Foreign currency forward contracts 7   20   (48)  (16)
    Foreign currency and other transactions (1)  (880)  (895)  (14)
    Net realized gain (loss) (13,040)  (10,631)  (25,817)  2,521 
            
    Net change in unrealized gain (loss):       
    Non-controlled/non-affiliate company investments 7,682   11,222   27,788   (20,397)
    Non-controlled affiliate company investments 7,123   (1,076)  4,950   (7,034)
    Controlled affiliate company investments (206)  (54)  1,841   (3,128)
    Foreign currency forward contracts (82)  530   894   (54)
    Foreign currency and other transactions (15)  936   635   (650)
    Net change in unrealized gain (loss) 14,502   11,558   36,108   (31,263)
            
    Net gain (loss) 1,462   927   10,291   (28,742)
            
    Net increase (decrease) in net assets resulting from operations$6,835  $7,239  $32,459  $1,646 
            
    Per common share data:       
    Net investment income per share - basic and diluted$0.25  $0.29  $1.03  $1.45 
    Net increase (decrease) in net assets resulting from operations per share - basic and diluted$0.32  $0.34  $1.51  $0.08 
    Weighted average common shares outstanding - basic and diluted 21,599   21,544   21,453   20,924 
            


    Additional Supplemental Information:

    The composition of the Company’s investment income was as follows (in thousands):

     For the quarter ended For the year ended
     December 31, 2021 September 30, 2021 December 31, 2021 December 31, 2020
            
    Interest income$8,833 $9,444 $35,738 $42,640
    Payment-in-kind interest income 1,994  2,913  8,320  8,776
    Dividend income 1,344  1,957  5,712  4,557
    Fee income 202  288  1,267  3,222
    Prepayment gain (loss) 421  372  1,691  1,133
    Accretion of discounts and amortization of premiums 245  240  1,102  1,253
        Total investment income$13,039 $15,214 $53,830 $61,581

    The composition of the Company’s interest expense and other debt financing expenses was as follows (in thousands):

     For the quarter ended For the year ended
     December 31, 2021 September 30, 2021 December 31, 2021 December 31, 2020
            
    Interest expense - revolving credit facility$1,328 $1,209 $4,593 $5,594
    Interest expense - 2023 Notes -  -  837  6,270
    Interest expense - 2026 Notes 1,543  1,544  5,763  -
    Interest expense - SBA debentures 456  632  2,676  3,944
    Amortization of deferred financing costs 528  539  2,205  2,181
        Total interest and other debt financing expenses$3,855 $3,924 $16,074 $17,989

    ABOUT MONROE CAPITAL CORPORATION
    Monroe Capital Corporation is a publicly-traded specialty finance company that principally invests in senior, unitranche and junior secured debt and, to a lesser extent, unsecured debt and equity investments in middle-market companies. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation. The Company’s investment activities are managed by its investment adviser, Monroe Capital BDC Advisors, LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended, and an affiliate of Monroe Capital LLC. To learn more about Monroe Capital Corporation, visit www.monroecap.com. 

    ABOUT MONROE CAPITAL LLC
    Monroe Capital LLC (“Monroe”) is a premier boutique asset management firm specializing in private credit markets across various strategies, including direct lending, asset-based lending, specialty finance, opportunistic and structured credit, 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 offices in Atlanta, Boston, Los Angeles, Naples, New York, San Francisco, and Seoul.

    Monroe has been recognized by both its peers and investors with various awards including Private Debt Investor as the 2021 Senior Lender of the Year, 2021 Lower Mid-Market Lender of the Year, Americas; Creditflux as the 2021 Best U.S. Direct Lending Fund; Global M&A Network as the 2021 Mid-Markets Lender of the Year, U.S.A.; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information, please visit www.monroecap.com.

    FORWARD-LOOKING STATEMENTS
    This press release may contain certain forward-looking statements. Any such statements, other than statements of historical fact, are likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under the Company’s control, and that the Company may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from these estimates and projections of the future. Such statements speak only as of the time when made, and the Company undertakes no obligation to update any such statement now or in the future.

    SOURCE: Monroe Capital Corporation

    Investor Contact:        
    Aaron D. Peck
    Chief Investment Officer and Chief Financial Officer
    Monroe Capital Corporation
    (312) 523-2363
    Email: apeck@monroecap.com 

    Media Contact:        
    Caroline Collins
    BackBay Communications
    (617) 963-0065
    Email: caroline.collins@backbaycommunications.com


    Primary Logo

Опубликовать