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Article: Ares Capital Corporation Leads New Senior Debt Financing for Blacksmith Brands.
- Article from:
- Business Wire
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Consumer Products Industry Veterans to Unlock Value in Portfolio of Established Over-the-Counter Brands
NEW YORK -- Ares Capital Corporation (NASDAQ: ARCC) announced today that it structured and lead arranged a $65 million senior secured debt financing for Blacksmith Brands, Inc., a newly formed consumer products company backed by Charlesbank Capital Partners LLC. Ares Capital's investment in the senior secured debt is $32.5 million. The proceeds will be used in Blacksmith Brand's acquisition of five over-the-counter consumer product brands from McNEIL-PPC, Inc.
"We are confident in the ability of Blacksmith Brands' proven, experienced management team to ...