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Ares Commercial Finance Funds $9MM Facility to Surge Staffing

February 20, 2015, 07:14 AM
Filed Under: Staffing Services

Ares Commercial Finance has funded a $9 million senior secured revolving line of credit to Surge Staffing, LLC.  Surge Staffing, LLC operates a Staffing and Human Resources solutions company offering a wide variety of services and support, including traditional staffing, temporary-to-hire staffing, on-site management, vendor management, training, HR services, payroll and national account services.  The Company has locations in Alabama, Georgia, Illinois, Mississippi, North Carolina, Kentucky, West Virginia, Pennsylvania, Tennessee, Texas and its headquarters in Columbus, OH.  The line of credit will refinance a factoring purchase agreement and support ongoing working capital requirements.
Note: Ares Commercial Finance LP (“Ares Commercial Finance”) is a limited partnership formed by Ares Management, L.P., a publicly traded, leading global alternative investment manager and parent to several registered investment advisers. This information is not an offer to sell, or the solicitation of an offer to purchase, any security, the offer and/or sale of which can only be made by definitive offering documentation.

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