Midcap Financial and Ares Commercial Finance provide $80 million senior credit facility to USA trucking company
Published: 07 November 2018
MidCap Financial and Ares Commercial Finance (ACF) jointly provided an $80 million senior credit facility to Action Resources, a specialised trucking and environmental service provider headquartered in Birmingham, Alabama, USA. The company operates 49 locations across 17 states with approximately 1,200 employees. The credit facility provided by MidCap and ACF was used to refinance Action Resources’s line of credit with a commercial bank and expand the company’s credit line.