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 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. https://amerisource.us.com

Working Capital | Real Estate | Equipment