Ares Commercial Finance has recently funded a $3.0 million senior secured revolving line of credit to the Southworth Company and its subsidiary, Madison Park Group. The line of credit will support working capital requirements as the Company transitions its business from a fine paper manufacturer to a specialty niche paper products producer. The Southworth Company operates a fourdrinier paper machine in Turners Falls, Massachusetts, and makes a full range of specialty, technical and printing/writing papers marketed under the Paperlogic brand. Madison Park Group designs greeting cards, gifts and stationery items in Seattle, WA.
Note: Ares Commercial Finance LP (“Ares Commercial Finance”) is a limited partnership formed by Ares Management, L.P., a publicly traded, leading global alternative investment manager and parent to several registered investment advisers. This information is not an offer to sell, or the solicitation of an offer to purchase, any security, the offer and/or sale of which can only be made by definitive offering documentation.