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Ares Commercial Finance Provides $20MM Accounts Receivable Securitization to K&N Funding

June 08, 2021, 07:52 AM
Filed Under: Automotive

Ares Commercial Finance (“ACF”) provided a $20 million accounts receivable securitization for K&N Funding, LLC, an affiliate of K&N Engineering, Inc. K&N®, a portfolio company of funds managed by Goldman Sachs Asset Management, is an industry-leader in aftermarket automotive filtration and other performance products. The financing provides incremental financial flexibility to support the company’s future growth.

Headquartered in Riverside, California, K&N Engineering is an industry-leader in automotive aftermarket filtration and technology—offering products to increase performance, protection, and longevity in thousands of vehicle applications for consumers worldwide.  In addition to performance air filters, K&N® manufactures a variety of other protection and performance products, including air intake systems, oil filters, fuel filters, cabin air filters, and home air filters. Over the course of five decades, K&N has built a reputation for exceptional quality and customer service that millions of customers trust.

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