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Zions Bancorporation Closes $8MM Asset-based Credit Facility with Forging Distributor

August 23, 2023, 07:45 AM
Filed Under: Distribution

Zions Bancorporation, through its Texas division, Amegy Bank closed and funded an $8,000,000 credit facility for the distribution arm of a multi-national manufacturer of steel forgings. The Company provides critical OEM parts for equipment manufacturers serving a wide range of industries. The credit facility consisted of a multi-year revolving line of credit.
Proceeds of the credit facility were used to refinance and increase of an existing bank debt and to provide ongoing working capital needs.

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