Amerisource Completes $2,000,000 Credit Facility for Manufacturing Company

Release date: April 24, 2018

Amerisource Completes $2,000,000 Credit Facility for Manufacturing Company
We are happy to announce the closing and funding of a $2,000,000 debtor-in-possession senior revolving credit facility for a paperboard manufacturing company in New York. The proceeds of the facility are being used for working capital bridge financing while the Company completes a Section 363 sale with a strategic buyer.

Andy Allaire, Market Manager for Amerisource, stated:

“The Company and its existing bank contacted Amerisource, looking for a flexible DIP lender able to bridge the Company’s financing needs through the Section 363 sale process. We were pleased to provide a solution that worked for the pre-petition bank as well as the Company’s investor group, and we look forward to the Company’s successful emergence from the Chapter 11 process.”

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.