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Ares Commercial Finance Provides $41.7MM Credit Facility to CST Acquisition Corp.

February 01, 2018, 07:20 AM
Filed Under: Manufacturing

Ares Commercial Finance announced that it has provided a $41.7 million senior secured credit facility to CST Acquisition Corp., which included a $16.7 million term loan and an undrawn $25 million revolving line of credit to fund future growth. Proceeds were used to support Solace Capital Partners’ 363 purchase of CST Industries, Inc.

CST is the largest dome and storage tank manufacturer in the world.  CST’s existing company portfolio consists of CST Storage, CST Covers and Vulcan Tanks. Five manufacturing facilities and technical design centers and multiple regional sales offices are located throughout North America and the United Kingdom and its international offices are located in Argentina, Australia, Brazil, India, Japan, Malaysia, Mexico, Singapore, Spain, United Arab Emirates and Vietnam.  Currently, CST has installed more than 350,000 storage tanks and 18,000 covers in 125 countries throughout the world.  For more information

Solace Capital Partners is a private investment firm focused on control-oriented special situations and distressed-for-control investments in complex, distressed or capital-constrained, lower-middle market companies.  Solace’s principals have on average 25 years of relevant investing experience across various sectors and have spent more than two decades cultivating relationships across far-reaching networks.  Launched in 2014, Solace has offices in Los Angeles and New York.  For more information, please visit

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