Amerisource Business Capital closed and funded a $10,000,000 working capital facility for a Texas-based manufacturer and distributor of industrial chemicals. The proceeds were used to support the company’s ongoing growth.
Randy Goeken, Market Manager for Amerisource, stated: “The client’s accounting and finance departments worked well with our team at Amerisource to get this transaction rapidly completed.” Bill Herrington - EVP, Amerisource, added: “The structure includes a $5 million real estate accordion feature, increasing the transaction total to $15 million when exercised.”