Amerisource Closes $25,000,000 Credit Facility for Oil Field Services Company

Release Date: 10/23/19

Amerisource Closes $25,000,000 Credit Facility for Oil Field Services Company

Amerisource Business Capital announced the closing and funding of a $25,000,000 credit facility for an oil field services company based in Texas and Oklahoma.

Andy Allaire, Regional Market Manager for Amerisource, stated: “The company’s existing lender is exiting the oil & gas lending business. We worked closely with management, the private equity ownership group, and the existing term lenders to structure a facility that met all of their refinancing and growth capital needs.“

Bill Herrington, EVP of Amerisource, added, “We are based in Texas and understand the unique needs of the energy business. We look forward to partnering with this client and helping them achieve their growth and business objectives.”

About Amerisource Funding | Amerisource Business Capital
Amerisource Business Capital is a leading independent asset-based provider of capital to middle-market and small businesses that have financing needs beyond traditional bank capabilities. Founded in 1984, and with offices nationwide, Amerisource has provided over $7 billion in financing to companies in markets throughout the United States. Our extensive lending experience in complex situations allows us to deliver rapid responses and maximum availability of capital.