Daily News: December 6, 2017

MidCap, Ares Provide $80MM Facility to Action Resources


MidCap Financial and Ares Commercial Finance jointly provided an $80 million senior credit facility to Action Enterprise Holdings d/b/a Action Resources, a specialized trucking and environmental service provider.

The MidCap and ACF credit facility refinanced Action Resources’ line of credit with a commercial bank and expanded the company’s credit line to facilitate growth and provide for working capital needs.

Birmingham, AL-based Action Resources is a specialized trucking and environmental service provider.