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.