Major industry supplier lands $11.2 million credit facility

Ares Commercial Finance announced that it has provided an $11.2 million senior secured credit facility to outdoor power equipment industry supplier NHI Mechanical Motion, LLC, comprised of a revolving line of credit, a real estate term loan and a term loan secured by machinery and equipment. Proceeds from the financing were used to support the acquisition of the business and for ongoing working capital support.

Claremont, New Hampshire-based NHI Mechanical Motion, LLC is a manufacturer and distributor of mechanical motion parts and assemblies, such as pullies, sprockets, bearings, as well as other assemblies used across several industries, including outdoor power equipment.