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.
Wingspire Capital agented a $100 million credit facility consisting of an $80 million senior credit facility (co-led by Ares Commercial Finance) and a $20 million second lien credit facility (provided by Atalaya Capital Management) to Rubies II.
Ares Commercial Finance provided a senior secured credit facility to support Atar Capital’s acquisition of WinCup, which is a foodservice packaging manufacturer.
Mitch Drucker joined Ares Commercial Finance as a partner. Drucker previously worked for Garrison Investment Group and CIT.
Ares Commercial Finance has provided a $17.3 million senior secured credit facility to Cox Interior, comprised of a revolving line of credit and a term loan secured by real estate, machinery and equipment.
Ares Commercial Finance has provided an $11.2 million senior secured credit facility to NHI Mechanical Motion comprised of a revolving line of credit, a real estate term loan and a term loan secured by machinery and equipment.
James Paterson has joined Ares Commercial Finance as managing director, business development officer in Los Angeles, where he will focus on originating asset-based lending opportunities on the West Coast.