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Amerisource Closes $17MM Credit Facility for Industrial Sand and Construction Aggregate Firm

May 04, 2021, 08:05 AM
Filed Under: Construction

Amerisource Business Capital closed and funded a $17,000,000 senior credit facility for an Iowa-based sand and construction aggregate firm.  The proceeds were used to continue the expansion of their business lines and support their ongoing working capital needs.

Allison Billings, Regional Market Manager for Amerisource, stated: “We worked closely with the management team to structure a facility to meet their needs and it was a pleasure working with the team during the onboarding process.” 

Bill Herrington, EVP for Amerisource, added: “The company has a rich history and track record and we look forward to supporting their role in the growth and expansion of our country’s infrastructure.”

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