Amerisource Completes $1,000,000 Credit Facility for Oilfield Services Firm

Release Date: 02/13/18

Amerisource Completes $1,000,000 Credit Facility for Oilfield Services Firm

We are happy to announce the funding of a $1,000,000 asset based revolver for a Texas-based pipeline service and repair firm. The company was introduced to Amerisource by its banker. Proceeds from the facility were used to refinance the company’s existing debt and for additional working capital to support future growth.

Andy Allaire, Market Manager for Amerisource, stated: “We are pleased to support this company as they continue to grow. We were able to structure a revolver quickly and efficiently, closing the facility just two weeks after our initial introduction. The management team has been great to work with, and we look forward to the company’s continued success.”

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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