On November 2, 2026, Monroe Capital Enhanced Corporate Lending Fund entered into a Termination Agreement to end an Escrow Agreement originally dated December 11, 2025. The Escrow Agreement was established to manage the Fund’s continuous public offering of up to $1,000,000,000 in common shares. Under the original terms, the Fund intended to hold investor funds in a non-interest-bearing escrow account until it received purchase orders from at least 100 investors for Class D and Class S Common Shares. However, the Fund has now terminated this agreement effective November 2, 2026, as the Minimum Shareholder Amount for both classes was achieved through the closing of private offerings without needing the escrow arrangement. No funds were ever deposited into the escrow account, and all net proceeds from the sales will contribute to the Fund’s net assets.
In connection with the closing of these private offerings, the Fund issued 110 unregistered Class S Common Shares and 110 unregistered Class D Common Shares. These shares were sold to 110 separate accredited investors at a price equal to the net asset value per share as of October 31, 2026. The transaction included the issuance of promissory notes with a principal amount of $1,000 each. The aggregate purchase price for each note was $1,000, which included the cost of one share of the respective class. The Fund received approximately $152,000 in net proceeds from these transactions.
The promissory notes issued in this transaction carry a 12.00% annual interest rate, payable semi-annually in arrears, with a term of 30 years. The Fund has the option to prepay the notes at any time, provided that accrued interest is paid and a $100 premium is paid if prepayment occurs before the 24-month anniversary of the issue date. The notes were offered through H&L Equities, LLC, a registered broker-dealer, with the Fund paying fees to REIT Funding and REIT Administration for placement and administrative services.
