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Ares Commercial Finance Provides $22.5MM Senior Secured Credit Facility to Leading Offline Egg Processor

February 16, 2023, 07:50 AM

Ares Commercial Finance provided a $22.5 million senior secured credit facility to a leading offline processor and wholesale distributor of branded and private-label commodity, specialty and hard-cooked eggs predominantly in the Northeast and Mid-Atlantic markets.

The credit facility consists of an asset based revolving line of credit. Proceeds of the credit facility will be used to refinance existing indebtedness and for ongoing working capital needs.

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