Ares Commercial Finance Provides a $55 Million Credit Facility to Liquid Death
December 16, 2024
Source: Ares Commercial Finance
NEW YORK – December 16, 2024 – Ares Commercial Finance announced today that it and other Ares Management credit funds have provided a $55 million senior secured revolving line of credit to Liquid Death (formally known as Supplying Demand, Inc) (“Liquid Death” or the “Company”). The Company, based in Los Angeles, California, is a premium beverage brand that sells better-for-you non-alcoholic beverages in infinitely recyclable cans. Liquid Death is known for its unique branding and entertainment-first marketing approach that has built it into the third most-followed beverage brand globally. The products are proven to be one of the only successful multi-category brands under a single brand name. As a market leader across categories, it first launched mountain water in 2019, then expanded to flavored sparkling water in 2022 and ready-to-drink tea in 2023. Proceeds from the financing will provide additional liquidity for working capital as the Company continues to expand its product assortment and distribution.
About Liquid Death
As one of the fastest growing non-alcoholic beverage brands, Liquid Death uses comedy and entertainment to make health and sustainability 50 times more fun. We take the healthiest things you can drink and package it into infinitely recyclable cans that compete with the fun marketing of unhealthy brands across energy drinks, beer, and junk food. Our product lines include mountain water, sparkling mountain water, sparkling flavored water, and iced tea. A portion of Liquid Death’s proceeds goes to nonprofits who are helping fight plastic pollution and bring clean drinking water to those in need. For more information on Liquid Death please visit liquiddeath.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 consumer products, 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 September 30, 2024, Ares Management Corporation's global platform had approximately $464 billion of assets under management with more than 3,100 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.
Contact
Brigid Kelley
Ares Management
Corporate Communications
M: 503.528.4722
E:bkelley@aresmgmt.com
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