Amerisource Closes $12,000,000 Senior Credit Facility for Oilfield Services Firm For Domestic and International Growth
Release Date: 07/22/21
Amerisource Closes $12,000,000 Senior Credit Facility for Oilfield Services Firm For Domestic and International Growth
Amerisource Business Capital announced the closing and funding of a $12,000,000 senior credit facility for a Texas-based provider of well integrity solutions to the oil & gas industry. The working capital was used to support the company’s global expansion plans.
Doug Forbes, Regional Market Manager for Amerisource, stated: “We are excited to provide this credit facility to assist the company as they grow and expand.” Bill Herrington, EVP of Amerisource added, “We were able to structure a facility that better utilized and leveraged the Company’s assets and provided them with the capital needed for expected domestic as well as international growth.”