Reliant Funding expands Ares revolving facility to $125 million

By Marisa Wong

Los Angeles, Oct. 26 – Reliant Funding announced it closed on some amendments to its existing accounts receivable securitization facility, notably increasing the committed amount to $125 million from $75 million, according to a press release.

The facility has a four-year revolving period, with about 2.5 years remaining; is expandable subject to certain conditions; provides increased availability; and has a committed term of five years, with about 3.5 years remaining.

Credit funds managed by Ares Management Corp. provided the facility with Ares Agent Services, LP acting as the administrative agent and collateral agent.

Reliant is a small business finance company based in San Diego.

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