Ares Commercial Finance provided a $22.53 million senior secured credit facility to Carey Holdings, an integrated-network ground transportation brand serving the managed travel market.

The credit facility consists of a working capital revolver and a letter of credit facility.

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.