Daily News: October 16, 2017

Ares Provides $30MM Refi Facility to Capstone Nutrition

Ares Commercial provided a $30 million senior secured revolving line of credit to Cornerstone Research & Development, d/b/a Capstone Nutrition. Proceeds of the financing were used to refinance the company’s existing debt and to support ongoing working capital needs.

Ogden, UT-based Capstone Nutrition is a contract developer and manufacturer of nutritional supplements and vitamins.

Ares Commercial Finance (ACF) is the asset-based lending group for Ares Management, providing asset-based revolving lines of credit and term loans, as well as stretch loans to middle market and lower-middle market companies.