Amerisource Closes $2,500,000 Revolver And Real Estate Term Loan for Manufacturer and Distributor
Release Date: 08/04/20
Amerisource Closes $2,500,000 Revolver And Real Estate Term Loan for Manufacturer and Distributor
Amerisource Business Capital announced the closing and funding of a $2,500,000 credit facility for a power generation component part manufacturer and distributor based in Connecticut. The company is recapitalizing its balance sheet and needed a lender to provide availability on accounts receivable, inventory and real estate.
Andy Allaire, Senior Vice President for Amerisource, stated: “The Company has a seasoned management team and committed ownership. They were looking for a one-stop shop to finance their broad range of asset classes. The approval and closing process went very smoothly, and we look forward to our continued partnership with them.“