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Zions Bancorporation Closes $8MM ABL Credit Facility with Houston Steel Distributor

January 07, 2022, 07:00 AM
Filed Under: Distribution

Zions Bancorporation, through its Texas division, Amegy Bank of Texas, closed and funded an $8,000,000 credit facility for a wholesale distributor of steel products. The credit facility consisted of a multi-year revolving line of credit.   
Proceeds of the credit facility were used to refinance existing bank debt, support growth, and provide ongoing working capital needs.

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