Applied Merchant Adds $15M Debt from Monroe Capital

Applied Merchant Systems West Coast Inc. has added $15 million in debt financing from Monroe Capital. The money will help Applied Merchant refinance existing debt, repurchase common stock, and provide working capital. Applied Merchant Systems, based in Oxnard, Calif., provides products and services to the electronic merchant transaction processing industry. Monroe Capital provides senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada.

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