Monroe Capital Arranges Credit for Frontenac Honk Recap

Monroe Capital LLC acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support Frontenac’s recapitalization of Honk Technologies. The recap also includes a strategic add-on acquisition.

Honk, founded in 2014 and headquartered in Los Angeles, provides technology-enabled roadside assistance solutions for insurance providers, OEMs, and fleet management companies. Its national platform connects motorists to independent tow operators and light-duty service technicians through a customer interface and dispatch platform.