Monroe Capital ("Monroe") today announced the acquisition and recapitalization of Ascent Behavioral Health ("Ascent"), in partnership with Cimarron Healthcare Capital and Ascent’s management team. Monroe Capital acted as sole lead arranger and administrative agent of the senior credit facility and co-invested equity alongside Cimarron Healthcare Capital to support the transaction.

Founded in 1989 and based in Salt Lake City, Utah, Ascent provides wilderness therapy, residential treatment and therapeutic boarding school programs for adolescents with mental health issues such as depression, anxiety and attachment disorder throughout the state. Ascent was built by mission-driven founders on principles committed to clinical quality and superior outcomes based on its experiential therapeutic approach.

This transaction is representative of Monroe Capital’s vertical which focuses on providing equity co-investments alongside debt financing for business owners, sponsors and independent sponsors to support acquisitions, mergers, business combinations and recapitalizations.

About Monroe Capital

Monroe Capital LLC ("Monroe") is an asset management firm specializing in direct lending, equity co-investments and opportunistic private credit investing. Since 2004, the firm has provided private credit and equity co-investment solutions to borrowers in the U.S. and Canada. Investment types include cash flow, enterprise value and asset-based loans; unitranche financings; and equity co-investments. Monroe is committed to being a value-added and user-friendly partner to business owners, senior management, and private equity and independent sponsors. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Los Angeles, New York, and San Francisco.

Monroe has been recognized by Creditflux as the 2019 Best US Direct Lending Fund; Global M&A Network as the 2019 Small Middle Markets Lender of the Year; Private Debt Investor as the 2018 Lower Mid-Market Lender of the Year; M&A Advisor as the 2016 Lender Firm of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. For more information, please visit www.monroecap.com.

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Contacts

Theodore L. Koenig

Monroe Capital LLC

312-523-2360

tkoenig@monroecap.com

Jeremy Milner

BackBay Communications

671-391-0773

jeremy.milner@backbaycommunications.com