Real Good Foods secures $25M credit line from Ares
What's the deal? Ares Commercial FinanceDealroom has a profile for this one. Try Dealroom → has provided a $25 million senior secured asset-based revolving line of credit to Real Good FoodsDealroom has a profile for this one. Try Dealroom →, a Bolingbrook, Illinois-based producer of high-protein, health-focused frozen and prepared meals.
Where's the money going? Real Good Foods will use the proceeds to refinance existing debt and fund ongoing working capital.
What's the endgame? The company sells breaded chicken, entrées, burritos, bowls, and snacks built around high-protein, low-carbohydrate recipes. Its products reach grocery, club, mass merchandise, and specialty channels nationwide.
Why AresDealroom has a profile for this one. Try Dealroom →? The lender is the commercial finance platform of Ares ManagementDealroom has a profile for this one. Try Dealroom →, which provides credit facilities up to $1 billion to middle-market and lower-middle-market companies. Ares Management managed over $671 billion in assets as of June 30, 2026.
What they're saying: "Real Good Foods' diversified customer base, significant growth and established brand made the Company a strong fit for our asset-based lending platform," said Srid Kannan, a managing director at Ares Commercial Finance.
Chief Financial Officer Jeff Gronbeck said the deal "enhanced liquidity and positions the company to execute on its strategic and operational objectives."
The signal: The facility sits toward the smaller end of asset-based deals, but it swaps out Real Good Foods' prior revolving lender for a larger platform — a refinancing that trades better terms and liquidity for a growth-stage consumer brand chasing demand for protein-rich, low-carb food.
Read more: sfnet.com
Image credit: Generated with Gemini
