Amerisource Closes Senior Credit Facility with Compass Bank
Release date: September 15, 1998
Houston, TX – Amerisource announced today that it recently closed a senior credit facility with Compass Bank. The facility will supplement the Company’s existing investor program and will be used to support growth and ongoing working capital. Terms of the facility are favorable and will drastically reduce Amerisource’s cost of capital, improving both margins and earnings.
Jason Floyd, Managing Director, commented “We are really excited about our new relationship with Compass Bank. This new facility will not only have a direct impact on our bottom line, but it will smooth out day-to-day working capital fluctuations and allow us to aggressively pursue our growth plans.”
Jaylene Cyr (713) 863 8300 Ext. 239