Daily News: September 5, 2017

Ares Commercial Provides $10MM Facility to ClearCaptions

Ares Commercial Finance provided a $10 million senior secured credit facility to ClearCaptions, a Sacramento, CA-based provider of phone equipment and captioning services for people with hearing loss.

The credit facility consists of a working capital revolver. Proceeds of the financing were used to support the ongoing working capital needs of the company.

Ares Commercial Finance is the asset-based lending group for Ares Management.