Daily News: July 10, 2014

Monroe Capital Funds $20.5MM ESOP Facility

Monroe Capital 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. It continues to focus on ESOP implementation and growth capital for ESOP-owned businesses.