Amerisource Completes $9,000,000 Credit Facility for Transportation Company
Release Date: 04/06/18
Amerisource Completes $9,000,000 Credit Facility for Transportation Company
We recently announced the closing and funding of a $9,000,000 ABL credit facility for a transportation Company in the Midwest. The proceeds from this facility were used to support the Company’s continued growth.
Nic Wagner, Market Manager for Amerisource, stated: “This client is growing on all fronts — real estate, trucks, trailers, employees, and through acquisitions. As collateral lenders, we are able to provide growth capital free of financial covenants, which will allow this client to reach their goal of 50% revenue growth over each of the next two years. The banks involved were happy to finance the equipment and real estate terminal, leaving the working capital financing needs to Amerisource.”