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Amerisource Closes $16MM Revolving Credit Facility for Returning Logistics Client

May 22, 2024, 07:59 AM
Filed Under: Logistics

Amerisource Business Capital closed and funded a $16,000,000 revolving credit facility for a transportation and logistics company based in Texas. The proceeds were used to refinance the company’s existing bank revolver to provide greater liquidity and support for the company's continued expansion efforts.

Bill Herrington - EVP, Amerisource Herrington, Amerisource EVP, was delighted with the return of this previous client and stated: “After leaving for a commercial bank, the company opted to return to Amerisource due to our flexibility and increased borrowing base availability. We look forward to this renewed partnership and the opportunity to support the company's future growth strategy.”

Daniel Martinez, Market Manager at Amerisource agreed: “It's very gratifying to hear from returning clients that we are supportive, easy to work with, and have a distinct advantage over traditional bank facilities.”

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