Ares Commercial Finance provided a $32 million senior secured revolving line of credit to Confluence Outdoor.
The proceeds of the transaction will be used to refinance the company’s existing debt and to provide ongoing working capital to support the company’s growth.
Located in Greenville, SC, Confluence Outdoor is a portfolio of seven premier watersport brands including Wilderness Systems, Perception Kayaks, Dagger, Mad River Canoe, Adventure Technology Paddles, Harmony Gear Accessories, and Boardworks Surf.
Ares Commercial Finance is the asset-based lending group of Ares Management. It provides asset-based revolving lines of credit, term loans and stretch loans to middle market and lower-middle market companies.
