eCapital closed a $100 million increase to its existing secured junior capital facility with Ares Management Credit funds, bringing the total facility size to more than $330 million.
This latest increase supports eCapital’s continued growth and...
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October 31, 2024, 07:47 AM
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SSG Capital Advisors served as the investment banker to Pegasus Home Fashions, Inc. and its affiliated entities in the private placement of a $25 million revolving credit facility with Ares Management, LLC. The financing enabled Pegasus to refinance...
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August 16, 2024, 07:56 AM
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Ares Commercial Finance (“ACF”) announced it is marking 10 years as the commercial finance platform of Ares Management. The evolution of the platform began with the acquisition of Keltic Financial Services, LLC in 2014 and was further augmented with...
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June 10, 2024, 07:43 AM
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Equinox Group secured approximately $1.8 billion in new capital to refinance maturing loans as well as to fund general corporate purposes and growth including new clubs.The transaction, which provides Equinox with significant liquidity, was led by...
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March 11, 2024, 07:57 AM
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Ares Management Corporation announced that its Special Opportunities strategy, currently a business within its Private Equity Group, will be joining the firm’s Credit Group and will be named Opportunistic Credit. Moving the strategy to the Credit...
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February 26, 2024, 08:02 AM
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Ares Management Corporation announced that Julie Solomon, Global Chief Operating Officer of Ares Real Estate, has been promoted to Co-Head of Real Estate alongside Bill Benjamin, current Head of Real Estate. Effective immediately, Solomon and...
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January 31, 2024, 07:38 AM
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Sunbit closed a $310 million debt warehouse facility led by Citi and Ares Management Credit funds. Established in 2016 to transform how consumers access, use and benefit from credit, Sunbit will leverage the funds to meet ever-increasing consumer...
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January 24, 2024, 07:45 AM
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Ares Commercial Finance provided a senior secured revolving line of credit to a Decorative Lighting distributor.
The proceeds via this transaction will be used to support the Company’s working capital needs and refinance a portion of the company’s...
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January 18, 2024, 07:52 AM
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ADMA Biologics, an end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing, and developing specialty plasma-derived biologics, announced the Company has executed a definitive credit agreement with Ares Management credit...
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December 19, 2023, 07:49 AM
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Paragon 28, a leading medical device company exclusively focused on the foot and ankle orthopedic market, received a new $150 million credit facility from Ares Capital Corporation to replace its existing $90 million senior credit facility. The...
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November 08, 2023, 08:05 AM
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Ares Management Corporation announced the launch of Ares Strategic Income Fund (“ASIF”), a perpetual capital, continuously offered, non-traded business development company, which seeks to primarily invest in directly originated, senior secured...
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April 25, 2023, 08:00 AM
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Avant announced it secured $250 million of corporate debt and redeemable preferred equity from Ares Management Alternative Credit funds (“Ares”)."Avant has established a track record of success over the course of a decade of delivering on our mission...
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December 08, 2022, 07:39 AM
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Ares Private Markets Fund has appointed Barry Miller as Chief Executive Officer, effective August 11, 2022. Miller is currently a Partner in the Ares Secondary Solutions Group, where he focuses on private equity secondaries. Miller has 24 years of...
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August 24, 2022, 07:47 AM
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Kyte, a company pioneering cars delivered to you on-demand, closed an asset-backed credit financing of up to $200 million from Goldman Sachs and the Ares Global Management Alternative Credit Team to accelerate the company's fleet growth and margin...
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March 25, 2022, 08:08 AM
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Ares Commercial Finance (“ACF”) provided a senior secured credit facility to Capezio, Ballet Makers, Inc. The credit facility consists of a revolving line of credit and term loan. Proceeds will be used to refinance existing indebtedness and for...
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January 19, 2022, 07:00 AM
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Ares Management Corporation announced that funds managed by its Alternative Credit and U.S. Direct Lending strategies led the arrangement and funding of a $400 million loan facility for CrossCountry Mortgage, LLC (the “Company”). Caisse de dépôt et...
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November 23, 2021, 08:03 AM
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Ares Management Corporation announced the final closing of Ares Private Credit Solutions II (“APCS II” or the “Fund”). APCS II was oversubscribed with $5.1 billion of commitments compared to its $4.0 billion target and is approximately 50% larger...
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October 18, 2021, 08:00 AM
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Ares Management Corporation announced today John Case, Ben Fox, Joel Tomlinson and Taejoon Chun have joined to expand Ares’ presence and activity in net lease and related investment opportunities. These additions reflect Ares’ view of the compelling...
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September 07, 2021, 07:10 AM
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Ares Commercial Finance (“ACF”) and WhiteHawk Capital Partners, LP ("WhiteHawk") provided a CAD$130 (US$103 million) senior facility to a company based in Western Canada specializing in crane and heavy haul services.
The senior facility was...
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August 17, 2021, 07:34 AM
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Ares Management Corporation announced that its subsidiary has completed its previously disclosed acquisition of Landmark Partners, LLC, one of the largest and most experienced investors in acquiring secondary private fund ownership stakes in the...
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June 04, 2021, 06:14 AM
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Ares Management Corporation provided details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Management Corporation’s Credit Group closed approximately $3.6 billion in commitments across 45...
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April 30, 2021, 08:00 AM
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Ares Management Corporation announced that a subsidiary of Ares has entered into a definitive agreement with a subsidiary of BrightSphere Investment Group Inc. and Landmark Investment Holdings LP to acquire 100% of Landmark Partners, LLC, one of the...
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April 01, 2021, 08:05 AM
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Ares Commercial Finance provided a $100 million senior secured revolving line of credit to support the acquisition of Easton Diamond Sports, LLC (“Easton”) by Rawlings Sporting Goods, Inc. (“Rawlings”), a portfolio company of Seidler Equity Partners....
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March 01, 2021, 08:07 AM
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Ares Management provided details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Management Corporation’s Credit Group (collectively “Ares”) closed approximately $7.3 billion in commitments...
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February 12, 2021, 08:00 AM
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Ares Acquisition Corporation announced the closing of its initial public offering of 87,000,000 Class A ordinary shares at a price of $10.00 per share and the sale of an additional 13,000,000 Class A ordinary shares at $10.00 per share pursuant to...
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February 05, 2021, 07:35 AM
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ForwardLine Financial has secured a new senior credit facility from funds managed by the Alternative Credit strategy of Ares Management. As part of this announcement, the company also shared that it has raised additional capital from Five Oceans...
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January 06, 2021, 07:26 AM
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The Securities and Exchange Commission announced that Ares Management LLC, a Los Angeles-based private equity firm and registered investment adviser, has agreed to pay $1 million dollars to settle charges that it failed to implement and enforce...
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May 27, 2020, 09:05 AM
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Ares Management Corporation, Sumitomo Mitsui Financial Group, Inc. and Sumitomo Mitsui Banking Corporation announced that they have reached a strategic agreement to collaborate on future business opportunities. As part of this agreement, SMBC will...
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March 30, 2020, 09:15 AM
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Ares Management Corporation announced that Michael Schechter has joined the firm as Partner and Head of Credit Trading. Based in Los Angeles, Mr. Schechter will oversee the trading of all bank loans, high yield and related credit instruments in the U...
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November 14, 2019, 08:59 AM
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Gastar Exploration Inc. announced that it has entered into a restructuring support agreement with the Company's largest (and only) funded-debt creditors and largest common shareholders, certain funds affiliated with Ares Management LLC. Subject to...
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October 29, 2018, 07:14 AM
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OnDeck®, a provider of online lending for small business, announced the closing of a $175 million asset-backed revolving credit facility consisting of funds provided by Liberty Mutual Insurance Company and certain of its affiliates, as well as funds...
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August 09, 2018, 07:15 AM
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The Ares Management, L.P. Credit Group is providing additional details on certain new financing commitments in its U.S. direct lending strategies that closed during the first quarter of 2018, which totaled approximately $3.0 billion in commitments...
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May 07, 2018, 07:13 AM
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FinFit Ops LLC, a FinTech company that provides over 80,000 American companies with a unique financial wellness benefit platform, announced the closing of a $35 million senior credit facility with Ares Management. FinFit has the ability to increase...
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March 12, 2018, 07:00 AM
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The Ares Management, L.P. Credit Group provided additional details on certain new financing commitments in its U.S. direct lending strategies that closed during the fourth quarter of 2017, which totaled approximately $2.8 billion in commitments...
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February 20, 2018, 07:20 AM
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Ares Management, L.P. announced that it has held the final close for its junior capital direct lending fund, Ares Private Credit Solutions. The Fund held its final closing with $3.4 billion of total commitments, which exceeded the initial fundraising...
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December 21, 2017, 07:22 AM
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Ares Management, L.P. has made several executive appointments, effective January 1, 2018, including the announcement that Co-Founder and President Michael J Arougheti has also been named Chief Executive Officer of Ares Management. This promotion...
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December 18, 2017, 08:02 AM
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Nuverra Environmental Solutions, Inc. announced that, on August 7, 2017 the company and its material subsidiaries emerged from Bankruptcy protection under chapter 11 of the United States Bankruptcy Code. Pursuant to their Amended Joint Plans of...
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August 14, 2017, 07:55 AM
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Ares Management, L.P. announced that it will begin earning fees on approximately $3 billion of incremental AUM as a result of the completion of Ares Capital Corporation’s acquisition of American Capital, Ltd., which closed on January 3, 2017. As a...
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January 04, 2017, 06:56 AM
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Ares Commercial Finance announced that it has provided a $22.53 million senior-secured credit facility to Carey Holdings, Inc. Based in Maryland, Carey is the world’s leading integrated-network ground transportation brand serving the managed travel...
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December 08, 2016, 07:49 AM
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Ares Commercial Finance announced that it has provided an $18 million senior secured credit facility to Hastings Manufacturing Company, a Michigan-based manufacturer and distributor of piston rings used in gasoline and diesel engines. The credit...
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November 22, 2016, 07:44 AM
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US Capital Partners Inc. announced its affiliate US Capital Investment Management, LLC (“US Capital”) has recently closed an $8 million unitranche stretch facility for Fulham Co., Inc. (“Fulham”) out of its US Capital Business Credit Income Fund, LP....
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October 12, 2016, 07:07 AM
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Ares Commercial Finance announced that it has provided a $17.5 million credit facility to Automated HealthCare Solutions, LLC, a Miramar, FL-based multi-faceted healthcare technology provider that operates nationwide. Automated HealthCare Solutions...
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September 14, 2016, 07:39 AM
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Ares Commercial Finance announced it has provided a $10 million asset-based credit facility to DCWV Acquisition Corporation, a Provo, UT-based company that designs, manufactures, and sells innovative, high quality products to the paper crafting...
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September 08, 2016, 07:41 AM
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Clayton Williams Energy, Inc. announced it has entered into a credit agreement with certain funds managed by Ares Management, providing for the Lenders to make secured term loans to the company in the principal amount of $350 million. The company...
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March 09, 2016, 08:00 AM
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Ares Commercial Finance has funded a $28 million senior secured credit facility consisting of a $25 million revolving line of credit and a $3 million term loan to Innovative Hearth Products LLC (“IHP”), a company majority-owned by an affiliate of...
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August 17, 2015, 07:54 AM
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Ares Management, L.P. and Kayne Anderson Capital Advisors, L.P. announced they have entered into a definitive merger agreement to create Ares Kayne Management, L.P., one of the largest and most diversified alternative asset managers with a combined...
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July 24, 2015, 07:59 AM
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Bloomberg reports that Capital One Financial Corp. and Apollo Global Management have made offers for General Electric Co.’s health-care finance unit, which could fetch more than $11 billion, according to people familiar with the matter.In addition...
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June 26, 2015, 08:02 AM
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Bloomberg reported GE. is poised for a $12 billion deal as soon as Monday to sell more than half of its U.S. private-equity lending arm to Canada Pension Plan Investment Board while Ares Management LP seeks to buy the rest of that business, people...
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June 08, 2015, 08:08 AM
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First Capital, a commercial finance company with a national presence, announced that it has completed the sale of its three product businesses to separate buyers. Traditional factoring was sold to Sterling Bancorp on May 7, 2015; Recourse Factoring...
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May 19, 2015, 08:06 AM
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Wells Fargo Capital Finance announced that its Lender Finance division was administrative agent and lead arranger for a $450 million senior revolver for Ares Commercial Finance LP (“ACF”), a fund managed by the commercial finance platform of Ares...
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May 19, 2015, 07:39 AM
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Bloomberg reported SunTrust, Apollo Global Management and Ares Management are weighing offers for a General Electric unit that lends to private-equity firms, people familiar with the matter said.Bloomberg reports that concern over possible staff...
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April 27, 2015, 07:21 AM
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Ares Management, L.P. and GE Capital announced today that the European Loan Programme (ELP), a €3.0 billion joint venture between affiliates of the two firms that provides senior secured loans to upper middle market corporate borrowers, has completed...
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April 23, 2015, 07:14 AM
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Ares Management, L.P. announced that a fund managed by its commercial finance platform has signed a definitive agreement to acquire the asset-based lending portfolio of First Capital Holdings, Inc., a leading commercial finance company that provides...
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April 20, 2015, 07:49 AM
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Ares Management and GE Capital announced that the European Loan Programme (ELP), a €3.0 billion joint venture between affiliates of the two global institutions that provides senior secured loans to upper middle market corporate borrowers has...
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March 23, 2015, 07:25 AM
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Ares Management and GE Capital announced the European Senior Secured Loan Programme (ESSLP), a €1.75 billion joint venture between affiliates of the two firms, has provided a £75M financing package to fund the acquisition of Wireless Logic, Europe's...
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March 05, 2015, 07:26 AM
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Ares Commercial Finance has funded a $9 million senior secured revolving line of credit to Surge Staffing, LLC. Surge Staffing, LLC operates a Staffing and Human Resources solutions company offering a wide variety of services and support, including...
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February 20, 2015, 07:14 AM
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Ares Commercial Real Estate Corporation announced that through a wholly owned subsidiary it has closed a $75.0 million credit facility with Los Angeles-based City National Bank (“CNB Facility”). The CNB Facility will expand ACRE’s financial...
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August 01, 2014, 06:57 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company, announced its Lender Finance group was administrative agent and lead arranger for a $150 million senior revolver for ACF FinCo I LP, an affiliate of Ares Management, L.P. (“Ares”). Ares is a...
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June 06, 2014, 07:46 AM
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Ares Management, L.P. announced on Jun.5 that it has expanded into the commercial finance sector through its acquisition of Keltic Financial Services LLC and Keltic Financial Partners II, LP, a leading commercial finance company that provides...
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June 06, 2014, 07:23 AM
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Ares Management LLC and Canada Pension Plan Investment Board (CPPIB) announced their affiliates have entered into a definitive agreement to acquire Neiman Marcus Group LTD Inc. from a group of investors led by TPG and Warburg Pincus for a purchase...
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September 10, 2013, 07:14 AM
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