Daily News: September 8, 2017

Ares Commercial Provides $10MM Facility to Cos Bar

Ares Commercial Finance provided a $10 million senior secured credit facility to Cos Bar Retail and Cos Bar E-Commerce. Cos Bar is a luxury cosmetics retailer with 19 locations in 13 states.

Cos Bar is a portfolio company of Tengram Capital Partners. The credit facility consists of a working capital revolving line of credit. Proceeds of the financing were used to support the company’s working capital needs and continued store expansion plan.