Zions Bancorporation Completes Asset-Based Lending Deal With Houston Chemical Manufacturer

SALT LAKE CITY, January 27, 2022 – Zions Bancorporation, N.A., through its Texas division, Amegy Bank of Texas, closed and funded an $10,000,000 credit facility for a manufacturer of oilfield chemicals. The credit facility consisted of a multi-year revolving line of credit.     

Proceeds of the credit facility were used to provide ongoing working capital needs.

An ABL credit facility from Zions Bancorporation can provide flexible and scalable working capital solutions for companies at any stage of their business life cycle. The bank’s focus is primarily on credit facilities from $3,000,000 and larger. Credit approval required; terms and conditions apply.

Zions Bancorporation, N.A. is one of the nation’s premier financial services companies with annual net revenue of $2.8 billion in 2020 and more than $80 billion of total assets. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The Bank is a consistent recipient of national and state-wide customer survey awards in small and middle-market banking, as well as a leader in public finance advisory services and Small Business Administration lending. In 2020, Zions ranked as the 9th largest provider in the U.S. of the SBA’s Paycheck Protection Program loans. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be accessed at zionsbancorporation.com.