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Ares CF Leads, Agents Financing of $210MM Cross-Border Revolving Line of Credit to MicroStar Logistics

January 05, 2022, 08:00 AM
Filed Under: Specialty Industries

Ares Commercial Finance (“ACF”) announced that it has led the financing of a $210 million senior secured cross-border revolving line of credit to MicroStar Logistics (“MicroStar”), a portfolio company of Freeman Spogli.  The credit facility provides significant availability and the ability to support growth in the US, Europe, Australia and New Zealand. Syndicate partners included Wingspire Capital LLC, MidCap Financial Trust and Siena Lending Group LLC.

Founded in 1996, MicroStar Logistics is the world’s leading provider of outsourced keg supply chain solutions and sets the global benchmark in keg repair and maintenance. Now with its new Kegstar Division (servicing markets outside of the US providing a global growth platform), MicroStar is the largest independent owner of kegs in the world with nearly 6 million high-quality, reusable, shareable steel kegs.  This scale and know-how enables brewers to benefit from the most efficient and environmentally sustainable keg solution in the world.

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