Amerisource Completes $1,000,000 Credit Facility for Oilfield Services Firm

Release date: February 13, 2018

Amerisource Completes $1,000,000 Credit Facility for Oilfield Services Firm
We are happy to announce the funding of a $1,000,000 asset based revolver for a Texas-based pipeline service and repair firm. The company was introduced to Amerisource by its banker. Proceeds from the facility were used to refinance the company’s existing debt and for additional working capital to support future growth.

Andy Allaire, Market Manager for Amerisource, stated:

“We are pleased to support this company as they continue to grow. We were able to structure a revolver quickly and efficiently, closing the facility just two weeks after our initial introduction. The management team has been great to work with, and we look forward to the company’s continued success.”

About Amerisource Funding | Amerisource Business Capital
Amerisource is one of the largest independent finance companies in the nation, having provided over $7 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 prides itself on outstanding client service and boasts an industry-best client retention rate in excess of 50 months. Amerisource Funding has offices located throughout the United States.