Amerisource Closes $10,000,000 Term Facility for Distribution Firm
Release Date: 01/01/22
Amerisource Closes $10,000,000 Term Facility for Distribution Firm
Amerisource Business Capital announced the closing and funding of a $10,000,000 revolver for an Oklahoma based distributor supplying fuel to the construction, industrial and energy sectors. The proceeds were used to provide working capital to finance the Company’s continued growth.
Andy Allaire, Senior Vice President for Amerisource, stated: “This new client’s management team has demonstrated an ability to grow the business and scale up its operations rapidly. We are pleased to be providing additional capital in conjunction with their bank to enable this growth.”