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

Print

Ares Commercial Finance Provides $11MM Credit Facility to NHI Mechanical Motion

December 17, 2019, 08:55 AM
Filed Under: Manufacturing

Ares Commercial Finance announced that it has provided an $11.2 million senior secured credit facility to NHI Mechanical Motion, LLC comprised of a revolving line of credit, a real estate term loan and a term loan secured by machinery and equipment.  Proceeds from the financing were used to support the acquisition of the business and for ongoing working capital support.

NHI Mechanical Motion, LLC is a manufacturer and distributor of mechanical motion parts and assemblies, such as pullies, sprockets, bearings, as well as other assemblies used across several industries, such as outdoor power equipment, power transmission, material handling, farm & agriculture, and elevator markets, among others. The company is headquartered in Claremont, New Hampshire.







Comments From Our Members

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