Ares Commercial Finance provided a $30 million senior secured revolving line of credit to Marolina Outdoor, a portfolio company of Goode Partners. Proceeds of the revolving credit facility, in conjunction with a term loan facility by Sagard Credit Partners, will be used in support of a recapitalization by the sponsors and management. Additionally, capital was also used to support retail and wholesale growth and to establish a brick-and-mortar presence.
Forward for Specialty Finance
