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Ares Commercial Finance Funds $12MM Facility to Jersey Precast

May 20, 2015, 07:53 AM
Filed Under: Manufacturing

Ares Commercial Finance has funded a $12 million senior secured credit facility consisting of an $8 million revolving line of credit and a $4 million machinery and equipment term loan to Jersey Precast LLC.  The facility refinanced the company’s existing line of credit and M&E term loan, and will be used for ongoing working capital.  Jersey Precast LLC is a manufacturer of pre-cast and pre-stressed concrete and steel products used primarily for infrastructure projects such as highways, bridges, dams, tunnels, train stations, and marine structures in the Northeast.  Jersey Precast LLC was founded in 1980 and is headquartered in Hamilton Township, outside of Trenton, NJ.
Ares Commercial Finance LP 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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