Monroe Capital LLC announced the funding of a $20.5 million senior secured credit facility for a specialty retailer to finance the company’s Employee Stock Ownership Plan (“ESOP”) and provide ownership to long-time employees.

Monroe’s dedicated ESOP lending effort continues to be active as companies take advantage of the tax savings and operational improvements ESOPs offer. Monroe continues to be focused on ESOP implementation and growth capital for ESOP-owned businesses.

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.