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Ares Commercial Finance Provides $7MM Credit Facility to Intense Cycles

June 21, 2017, 08:00 AM
Filed Under: Manufacturing

Ares Commercial Finance announced that it has provided a $7 million senior secured credit facility to Intense Cycles, Inc. in Temecula, CA. 

The company is a boutique developer, manufacturer, and marketer of high-end mountain bikes, which are well known for their suspension platform and brand heritage. 

The bicycles are sold under the Intense brand name through a network of specialty dealers both nationally and internationally, and they are ridden by the Intense World Cup Factory Racing Team. The credit facility consists of a working capital revolver.  Proceeds of the financing were used to refinance certain debt and provide additional liquidity for working capital growth.

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