Ares Commercial Finance provided a $37.3 million asset-based credit facility to Be Green Packaging, a designer and manufacturer of sustainable, compostable and recyclable molded fiber products and packaging for the foodservice and consumer packaged goods market.

Proceeds of the revolver will be used to refinance the company’s existing credit facility and to provide working capital to support its growth. Be Green is owned by The Riverside Company.

Ares Commercial Finance is the asset-based lending group for Ares Management, providing asset-based revolving lines of credit and term loans, as well as stretch loans to middle market and lower-middle market companies.