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Ares Commercial Finance Provides in $30MM Working Capital to Sears

February 06, 2017, 08:00 AM
Filed Under: Retail

Ares Commercial Finance announced that it has extended $30 million of credit to Sears Authorized Hometown Stores, LLC.

The credit facility consists of a working capital revolver and is a participation in a larger global commitment of $250 million. 

Proceeds will be used to amend and extend the company’s existing credit facility. The company is a retailer that sells home appliances, lawn and garden equipment, apparel, mattresses, sporting goods and tools.  Ares Commercial Finance acted as Co-Documentation Agent in the transaction.

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