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Ares Commercial Finance Provides $25 Million Credit Facility to Decorative Lighting Distributor
January 17, 2024
Source: Ares Commercial Finance
NEW YORK – January 18, 2024 – Ares Commercial Finance announced today that it has provided a senior secured revolving line of credit to a decorative lighting distributor. The proceeds via this transaction will be used to support the Company’s working capital needs and refinance a portion of the company’s existing debt.
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 service with a product suite consisting of asset-based, asset-backed and priority cash flow revolvers and term loans in addition to trade receivables securitizations and supply chain financing. 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, private equity, real estate 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, 2023, Ares Management Corporation's global platform had approximately $395 billion of assets under management, with approximately 2,800 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.
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