Amerisource Closes $25,000,000 Credit Facility for Oil Field Services Company

Amerisource Business Capital announced the closing and funding of a $25,000,000 credit facility for an oil field services company based in Texas and Oklahoma. 

Andy Allaire, regional market manager for Amerisource, stated: “The company’s existing lender is exiting the oil & gas lending business.   We worked closely with management, the private equity ownership group, and the existing term lenders to structure a facility that met all of their refinancing and growth capital needs.”

Bill Herrington, EVP of Amerisource, added, “We are based in Texas and understand the unique needs of the energy business. We look forward to partnering with this client and helping them achieve their growth and business objectives.” 

About Amerisource Business Capital  |   Amerisource Funding

Founded in 1984, Amerisource is a direct lender to growing businesses throughout the United States.  Amerisource is one of the largest independent finance companies in the nation, having provided over $8 billion in capital to borrowers and clients through both its asset-based lending arm (Amerisource Business Capital) and its A/R financing arm (Amerisource Funding). Amerisource has clients and offices located throughout the United States. www.amerisource.us.com