FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Press Releases / Read Press Release

Print

Ares Commercial Finance Provides $7MM Credit Facility to Intense Cycles

June 21, 2017, 08:00 AM
Filed Under: Manufacturing


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.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.