Ares Commercial Finance Provides a $13.5 Million Credit Facility to Oats Overnight
June 25, 2024
Source: Ares Commercial Finance
NEW YORK – June 26, 2024 – Ares Commercial Finance announced today that it has provided a senior secured revolving line of credit to Oats Overnight, Inc. (“Oats Overnight” or the “Company”). The Company, which is headquartered in Tempe, Arizona, provides a fast-growing, better-for-you high protein oatmeal. Through the Oats Overnight brand, the Company manufactures and sells their products in a variety of flavors. The proceeds of this transaction were used to refinance existing debt and for ongoing working capital support.
About Oats Overnight
Founded in 2016 in Tempe, Arizona, Oats Overnight provides a fast-growing, high protein oatmeal. Through the Oats Overnight brands, the Company manufactures and sells high protein oatmeal products in a variety of flavors, with each containing a unique blend of high-quality oats, premium protein sources, and a variety of add-ins. With all manufacturing and distribution done in-house, the Oats Overnight team plays an integral role in crafting every product bearing the Company’s name, while also persistently eliciting feedback from their active subscriber (and most loyal) customer base. For more information, please visit www.oatsovernight.com.
About Ares Commercial Finance
Ares Commercial Finance (“ACF”) is the commercial finance platform of Ares Management Corporation. ACF provides credit facilities up to $300 million to middle market and lower-middle market companies. ACF addresses a wide scope of industries including manufacturing, distribution, wholesale, retail, and service. Leveraging the breadth and experience of the Ares platform, ACF works with borrowers to deliver creative, flexible, and customized financing solutions for a variety of financing needs: general refinancing, working capital/growth, acquisitions, restructuring/turnaround situations, debtor-in-possession/exit financing, and special accommodation financing. For more information on ACF visit www.arescommercialfinance.com.
About Ares Management Corporation
Ares Management Corporation (NYSE:ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2024, Ares Management Corporation's global platform had approximately $428 billion of assets under management with approximately 2,900 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.
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