Ares Commercial Finance provided a senior secured revolving line of credit to Oats Overnight, Inc. The Company, which is headquartered in Tempe, Arizona, provides a fast-growing, better-for-you high protein oatmeal. Through the Oats Overnight brand, the Company manufactures and sells their products in a variety of flavors. The proceeds of this transaction were used to refinance existing debt and for ongoing working capital support.
Founded in 2016 in Tempe, Arizona, Oats Overnight provides a fast-growing, high protein oatmeal. Through the Oats Overnight brands, the Company manufactures and sells high protein oatmeal products in a variety of flavors, with each containing a unique blend of high-quality oats, premium protein sources, and a variety of add-ins. With all manufacturing and distribution done in-house, the Oats Overnight team plays an integral role in crafting every product bearing the Company’s name, while also persistently eliciting feedback from their active subscriber (and most loyal) customer base.