NEW YORK & LOS ANGELES--(BUSINESS WIRE)--Ares Commercial Finance (“ACF”) and WhiteHawk Capital Partners, LP ("WhiteHawk") announced today that they have provided a CAD$130 million Senior Facility to a company based in Western Canada specializing in crane and heavy haul services. The Senior Facility was comprised of CAD$90 million revolver provided by ACF and a CAD$40 million term loan provided by WhiteHawk. The financing provides incremental financial flexibility to support the company’s future growth.
About Ares Commercial Finance
Ares Commercial Finance is the asset-based lending team of Ares Management Corporation. ACF is focused on providing credit facilities up to $300 million to middle market and lower-middle market, private and public companies; and addresses a wide scope of industries including manufacturing, distribution, wholesale, retail and service companies. These facilities include revolving lines of credit and term loans, asset-based and cash flow stretch loans, and asset-backed facilities to specialty finance companies. Leveraging the breadth and experience of the Ares platform, ACF works with borrowers to deliver creative, flexible and customized financing solutions. These financing solutions may be structured as working capital financing, bridge financing, turnaround financing, acquisition financing, debtor-in-possession financing, and special accommodation financing. For more information about Ares Commercial Finance, visit www.arescommercialfinance.com.
About WhiteHawk
WhiteHawk Capital Partners is a private credit investment manager focused on asset-based financing solutions to middle market public and private companies in a wide variety of industries. WhiteHawk provides senior secured financings under a variety of structures for purposes of refinancing, recapitalization, growth, acquisition, restructuring, bridge and DIP/emergence. For more information about WhiteHawk, please visit www.whitehawkcapital.com or contact info@whitehawkcapital.com.