Amerisource Closes $4,000,000 Credit Facility for Power Management Services Firm

Release Date: 03/13/20

Amerisource Closes $4,000,000 Credit Facility for Power Management Services Firm

Amerisource Business Capital announced the closing and funding of a $4,000,000 credit facility for a manufacturer of lift and power management systems in Texas. The proceeds were used to refinance existing bank debt and to provide additional growth capital.

Allison Billings, Regional Market Manager for Amerisource, stated: “We are very excited to welcome this company as an Amerisource client. The management team has a ton of experience in this industry, and they were a pleasure to work with throughout the process. Bill Herrington, EVP of Amerisource added, “the private equity group backing this company is a leader in the power management space and we are looking forward to our continued partnership with them.”

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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