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SFNet's The 81st Annual Convention Issue
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August 22, 2023
Source: Zions Bancorporation, N.A., through its Texas division, Amegy Bank
SALT LAKE CITY, August 2023 – Zions Bancorporation, N.A., through its Texas division, Amegy Bank closed and funded an $8,000,000 credit facility for the distribution arm of a multi-national manufacturer of steel forgings. The Company provides critical OEM parts for equipment manufacturers serving a wide range of industries. The credit facility consisted of a multi-year revolving line of credit.
Proceeds of the credit facility were used to refinance and increase of an existing bank debt and 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 approximately $90 billion of total assets as of December 31, 2022, and annual net revenue of $3.2 billion in 2022. 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 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 www.zionsbancorporation.com.
Zions Bancorporation, N.A. Member FDIC
Proceeds of the credit facility were used to refinance and increase of an existing bank debt and 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 approximately $90 billion of total assets as of December 31, 2022, and annual net revenue of $3.2 billion in 2022. 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 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 www.zionsbancorporation.com.
Zions Bancorporation, N.A. Member FDIC
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