Waterloo, Ontario – May 2016 – Beresford Box Company Inc. has closed an $11.8 million senior asset-backed facility with New York based Ares Commercial Finance, Ares Management’s asset-based lending platform.

The new facility refinances Beresford’s prior loans, lowers its cost of capital and provides incremental funding to be used to manage the working capital needs of domestic and US growth and for a capital investment program in the company’s Waterloo, Ontario plant.

Range Corporate Advisors is a corporate and financial advisor to Beresford.