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Zions Bancorporation Completes $45MM Asset-based Facility with Houston Steel Fittings Distributor

March 30, 2023, 07:22 AM
Filed Under: Distribution

Zions Bancorporation, through its Texas Division, Amegy Bank, closed and funded a $45,000,000 credit facility for an importer and distributor of iron castings for the water and waste water industries.
Proceeds of the credit facility were used to refinance existing bank debt, and provide additional capacity to fund working capital expansion, and provide ongoing working capital needs. Amegy is the sole lender for this multi-year revolving line of credit facility.

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