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Amerisource Closes $5MM Credit Facility for Fabrication Firm

April 06, 2020, 09:00 AM
Filed Under: Manufacturing

Amerisource Business Capital announced the closing and funding of a $5,000,000 credit facility for a steel fabricator based in Montana.  The proceeds were used to refinance existing bank debt and to support the company’s continued growth.

Andy Allaire, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client.  Their business has a long history of success but is asset-heavy and has challenges with inconsistent cash flows. The company’s bank continues to provide term financing for the real estate and equipment, but was no longer able to support the revolving facility. So Amerisource was brought in to refinance, and increase, the revolver.  The ownership has been great to work with, and they are deeply committed to the continued growth and success of the business.”

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