Ares Commercial Finance provided a senior secured credit facility to Hint, a San Francisco-based beverage company. The credit facility consists of an asset based revolving line of credit.
Hint used proceeds of the credit facility to refinance existing indebtedness and for ongoing working capital to support growth.
“Ares Commercial Finance was a supportive financing source, recognizing the importance of our growth initiatives, and closed the transaction in less than 30 days,” Brian Cramer, senior vice president of finance at Hint, said.
Hint joined a portfolio of companies in Ares Commercial Finance’s consumer products vertical.
