Ares Commercial Finance provided a $100 million senior secured revolving line of credit to Pace Industries, an entity owned by funds and accounts managed by TCW Asset Management Company and by affiliated funds and accounts of Cerberus Capital Management.

Headquartered in Fayetteville, AR, Pace Industries is a high-pressure aluminum, magnesium and zinc die casting company serving more than 400 OEMs/Tier 1 customers. The credit facility will be used to refinance its existing revolving line of credit and for ongoing working capital support.

Ares Commercial Finance is the asset-based lending team of Ares Management.