Amerisource Business Capital announced the closing of a new upsized $310 million leverage facility and $100 million accordion, led by Texas Capital as Administrative Agent, with BOK Financial and Huntington Bancshares as Joint Lead Arrangers.

Michael Monk, Managing Partner of Amerisource, stated “We are thrilled to work with Texas Capital on this successful syndication supporting our asset management platform, Amerisource Business Capital.  This transaction represents an important milestone and further expands our capacity to deliver flexible capital solutions to lower middle market companies.  In combination with both our affiliated private equity and private credit fund platforms, the expanded facility enhances our ability to serve our clients while supporting the continued growth and scale of our business.”

Bill Herrington, EVP of Amerisource, added “We are especially appreciative of the strong support from a highly regarded group of regional and national banking institutions, many of whom have maintained longstanding relationships with Amerisource and share our commitment to serving the middle market.”

Steven Katz, Managing Director, Commercial Lender Finance at Texas Capital, commented "Amerisource, under the expert leadership of its management team has firmly established itself in the asset-based lending space, and we are proud to support their growth and to work with a firm that provides meaningful capital to businesses throughout the U.S.”