Amerisource Completes $2,000,000 Credit Facility for Manufacturing Company

Release Date: 04/24/18

Amerisource Completes $2,000,000 Credit Facility for Manufacturing Company

We are happy to announce the closing and funding of a $2,000,000 debtor-in-possession senior revolving credit facility for a paperboard manufacturing company in New York. The proceeds of the facility are being used for working capital bridge financing while the Company completes a Section 363 sale with a strategic buyer.

Andy Allaire, Market Manager for Amerisource, stated: “The Company and its existing bank contacted Amerisource, looking for a flexible DIP lender able to bridge the Company’s financing needs through the Section 363 sale process. We were pleased to provide a solution that worked for the pre-petition bank as well as the Company’s investor group, and we look forward to the Company’s successful emergence from the Chapter 11 process.”

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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