Amerisource Closes $16,000,000 Credit Facility for Returning Logistics Client

Amerisource Business Capital announced the closing and funding of a $16,000,000 revolving credit facility for a transportation and logistics company based in Texas. The proceeds were used to refinance the company’s existing bank revolver to provide greater liquidity and support for the company's continued expansion efforts.

Bill Herrington - EVP, Amerisource Herrington, Amerisource EVP, was delighted with the return of this previous client and stated: “After leaving for a commercial bank, the company opted to return to Amerisource due to our flexibility and increased borrowing base availability. We look forward to this renewed partnership and the opportunity to support the company's future growth strategy.” Daniel Martinez, Market Manager at Amerisource agreed: “It's very gratifying to hear from returning clients that we are supportive, easy to work with, and have a distinct advantage over traditional bank facilities.”

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 $2 billion in capital to over 1,600 companies across the U.S. Our deep experience and expertise in complex situations allow us to deliver creative solutions that maximize liquidity and flexibility for our clients. Amerisource has clients and offices located throughout the United States. www.amerisource.us.com