Ares Commercial Finance Provides a $25 Million Credit Facility to Herschel Supply Co.

NEW YORK – January 7, 2025 – Ares Commercial Finance announced today that it has provided a $25 million senior secured revolving line of credit to Herschel Supply Co. (“Herschel” or the “Company”), a Vancouver-based distributor and retailer of bags and accessories. Proceeds from the financing will provide the Company additional liquidity for working capital.

About Herschel Supply Co.

The Company is based in Vancouver, British Columbia, and is a leading supplier of bags and accessories. It offers backpacks, duffels, totes, cross-bodies, hip packs, hard- and soft-shell luggage, travel kits, casual apparel and accessories, such as wallets, pouches, headwear and tech sleeves, as well as items for kids. The Company sells to wholesalers, distributors, and directly to consumers through its e-commerce web-site, as well as through its retail stores in the Canada. For more information on Herschel visit https://herschel.com/.

About Ares Commercial Finance

Ares Commercial Finance (“ACF”) is the commercial finance platform of Ares Management Corporation. ACF provides credit facilities up to $300 million to middle market and lower-middle market companies. ACF addresses a wide scope of industries including manufacturing, distribution, wholesale, retail and consumer products, and service. Leveraging the breadth and experience of the Ares platform, ACF works with borrowers to deliver creative, flexible, and customized financing solutions for a variety of financing needs: general refinancing, working capital/growth, acquisitions, restructuring/turnaround situations, debtor-in-possession/exit financing, and special accommodation financing. For more information on ACF visit www.arescommercialfinance.com.

About Ares Management Corporation

Ares Management Corporation (NYSE:ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of September 30, 2024, Ares Management Corporation's global platform had approximately $464 billion of assets under management with more than 3,100 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

Contact

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