Amerisource Closes Senior Credit Facility With Bank One

Release date: July 30, 2000

Houston, TX – Amerisource announced today that it recently closed a three-year senior credit facility with Bank One.  The facility will supplement the Company’s existing investor program and will be used to support growth and ongoing working capital.  Terms of the facility are favorable and will drastically reduce Amerisource’s cost of capital, improving both margins and earnings.

Michael Monk, Managing Director, commented “This new facility nearly doubles our working capital capacity — we’re now in very good position to continue our growth plans.  The new facility will improve our net interest margin and resolves any potential financing issues for at least three more years.”


About Amerisource Funding
Amerisource is one of the largest independent finance companies in the nation, having provided over $6 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 48 months. Amerisource Funding has offices located throughout the United States.

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Jaylene Cyr (713) 863 8300 Ext. 239