Amerisource Closes $12,000,000 Senior Credit Facility for Oilfield Services Firm For Domestic and International Growth


Release Date: 07/22/21


Amerisource Closes $12,000,000 Senior Credit Facility for Oilfield Services Firm For Domestic and International Growth

Amerisource Business Capital announced the closing and funding of a $12,000,000 senior credit facility for a Texas-based provider of well integrity solutions to the oil & gas industry. The working capital was used to support the company’s global expansion plans.

Doug Forbes, Regional Market Manager for Amerisource, stated: “We are excited to provide this credit facility to assist the company as they grow and expand.” Bill Herrington, EVP of Amerisource added, “We were able to structure a facility that better utilized and leveraged the Company’s assets and provided them with the capital needed for expected domestic as well as international growth.”

About Amerisource Funding | Amerisource Business Capital
Founded in 1984, Amerisource is a direct lender to growing businesses throughout the United States with borrowing needs up to $20 million. Amerisource is one of the largest independent finance companies in the nation, having provided over $8 billion in capital to borrowers and clients through both its asset based lending arm (Amerisource Business Capital) and its A/R financing arm (Amerisource Funding). Amerisource has clients and offices located throughout the United States. https://amerisource.us.com

Working Capital | Real Estate | Equipment