FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Articles / Read Article

Print

Ares Commercial Finance Provides Senior Secured Credit Facility to Pegasus Foods

Date: Dec 17, 2018 @ 07:00 AM
Filed Under: Food Services

Ares Commercial Finance (ACF) announced that it has provided a senior secured credit facility to Pegasus Foods, Inc.  The arrangements consist of a revolving line of credit and a capital expenditure line of credit.  These facilities are in addition to a substantial growth capital investment from New Water Capital L.P. that Pegasus received earlier this year. 

Proceeds of the ACF financing will be used to support the continued physical build-out of the Company’s state-of-the-art 135,000-square-foot manufacturing facility in Rockwall, TX, which will provide the Company with increased manufacturing capacity to support additional growth requirements of Pegasus’ blue-chip customer base. The facilities provided by ACF will also finance recently purchased and future purchases of capital equipment and support ongoing working capital needs. 

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.