Ares Commercial Finance provided an $18.75 million senior secured credit facility comprised of a $7.5 million revolving line of credit, $10.5 million in term loans secured by machinery and equipment and real estate and a $750.0 thousand capex line to Walle Corporation. Proceeds were used to refinance existing debt and to support ongoing working capital needs.
Headquartered in Roswell, Georgia, with plant locations in Louisiana and Kentucky, the company is a manufacturer of printed labels, principally for food, beverage, and household product containers.
