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 Business Capital
Founded in 1984, Amerisource is a direct lender and capital provider to growing businesses throughout the United States with borrowing needs up to $25 million. Amerisource is one of the largest independent finance companies in the nation, having provided over $8 billion in capital to over 1,600 companies across the U.S. Our deep experience and expertise in complex situations allows us to deliver creative solutions that maximize liquidity and flexibility for our clients. Amerisource has clients and offices located throughout the United States.

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