ACF and WhiteHawk provide $102m to a Canadian Crane and Heavy Haul Service Provider

Ares Commercial Finance and WhiteHawk Capital Partners announced that they have provided a $102m Senior Facility to a company based in Western Canada specializing in crane and heavy haul services.

The Senior Facility was comprised of $71.3m revolver provided by Ares Commercial Finance, and a $31.7m  term loan provided by WhiteHawk Capital Partners. The financing provides incremental financial flexibility to support the company’s future growth.

About Ares Commercial Finance

Ares Commercial Finance is the asset-based lending team of Ares Management Corporation. ACF is focused on providing credit facilities up to $300m to middle market and lower-middle market, private, and public companies; and addresses a wide scope of industries including manufacturing, distribution, wholesale, retail, and service companies. These facilities include revolving lines of credit and term loans, asset-based and cash flow stretch loans, and asset-backed facilities to specialty finance companies. Leveraging the breadth and experience of the Ares platform, ACF works with borrowers to deliver creative, flexible and customized financing solutions. These financing solutions may be structured as working capital financing, bridge financing, turnaround financing, acquisition financing, debtor-in-possession financing, and special accommodation financing.