DWHP's American Optics raises $26.3 mln for recap, add-on deal

Monroe Capital LLC said it was the sole lead arranger and administrative agent on the funding of a US$26.3 million senior credit facility for American Optics Inc, a Canadian optics manufacturer. The deal helped to refinance the company's existing debt facility and finance an add-on acquisition. The buy was not disclosed; however, American Optics announced earlier this year it acquired U.S.-based Endoscopy Replacement Parts Inc. Toronto-based American Optics makes, assembles and distributes replacement components used in the repair of endoscopes. It is backed by DW Healthcare Partners (DWHP), a Canadian healthcare private equity firm.

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