Amerisource Business Capital announced the closing and funding of a $1.7MM senior credit facility for a paints and coatings company based in Ohio. The proceeds were used to support the acquisition of the business and to provide ongoing post-acquisition working capital.

Allison Billings, Regional Market Manager for Amerisource Business Capital, stated, “We moved quickly to get this deal done and are excited to support our client through this new chapter. Our team worked closely with all parties to structure a flexible financing solution that met the company’s immediate acquisition needs while also positioning them for future growth. We look forward to building a strong, ongoing partnership and are grateful to both teams for their collaboration, hard work, and commitment throughout the process.”

About Amerisource Business Capital Amerisource is a leading independent direct lender and provider of capital to small and lower middle market businesses seeking senior debt and equity for growth capital, turnaround, or special situations. Founded in 1984, we’ve provided over $2 billion in financing to over 1,600 companies across the US and Canada. Our deep experience and expertise in complex situations allow us to deliver creative structures that maximize liquidity for our clients.