Ares Commercial Finance announced that it has provided a $30 million senior secured revolving line of credit to Cornerstone Research & Development, Inc. d.b.a Capstone Nutrition. Proceeds of the financing were used to refinance the company’s existing debt and to support ongoing working capital needs.
Capstone Nutrition is a contract developer and manufacturer of nutritional supplements and vitamins for market leading customers throughout the world. The company, headquartered in Ogden, UT, provides a complete set of manufacturing, laboratory, and product development services including custom product formulation, new product development, raw material sourcing, high speed tableting and coating, encapsulation, a full range of packaging, and inspection services. For more information, please visit www.capstonenutrition.com.