Amerisource Business Capital announced the closing and funding of a $10,000,000 working capital facility for a Texas-based manufacturer and distributor of industrial chemicals.  The proceeds were used to support the company’s ongoing growth. 

Randy Goeken, Market Manager for Amerisource, stated: “The client’s accounting and finance departments worked well with our team at Amerisource to get this transaction rapidly completed.”

Bill Herrington, EVP, Amerisource, added: “The structure includes a $5 million real estate accordion feature, increasing the transaction total to $15 million when exercised.”

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.