Ares Commercial Finance provided a $21 million senior secured credit facility to Conner Industries, which includes an $18 million revolving line of credit and a $3 million real estate term loan. Proceeds of the financing will be used to refinance the company’s existing credit facility and support ongoing working capital needs.
Fort Worth, TX-based Conner Industries is a provider of industrial wood products and services to the materials handling industry. The company specializes in supplying cut lumber (softwoods, hardwoods and panel woods) needed for pallets, shelving and crate and skid parts, or fully assembled wooden pallets and skids, crates and industrial containers.
