Monroe Capital LLC announced the funding of a $23 million unitranche credit facility to support the growth of an industrial ceramics manufacturing company.

Based in the Midwest, the company is a leading provider of products and services used in the refractories market. The financing will allow for further expansion into the company’s core oil and gas markets.

Monroe Capital LLC is a leading provider of senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments.