Ares Commercial Finance provided a senior secured credit facility to MFG Chemical, LLC, a portfolio company of Platte River Equity.

The credit facility consists of an asset based revolving line of credit and a term loan. Proceeds of the credit facility were used to refinance existing indebtedness and for ongoing working capital.  

Founded in 1980 and headquartered in Dalton, GA, MFG is a niche specialty chemicals manufacturer, serving a wide range of chemical companies that participate in diverse end markets, including Oilfield, Water Treatment, Pulp and Paper, Coatings, Mining, and Graphic Arts. The Company provides a custom outsourced solution for customers that lack the necessary technical know-how, manufacturing capabilities or raw material buying power for certain chemical product programs. MFG is a leading producer of surfactants, water soluble polymers, non-aqueous polymers, amides, esters and imidazolines.