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Amerisource Closes $1MM Credit Facility for Staffing Company

June 05, 2019, 08:46 AM
Filed Under: Staffing Services

Amerisource Business Capital announced the closing and funding of a $1 million senior credit facility for an employment agency based in Missouri. Proceeds of the facility were used to refinance existing bank debt and to provide additional working capital for ongoing operations and growth.

Nic Wagner, Regional Market Manager for Amerisource, stated: “We are pleased to provide this credit facility to the client, and we were fortunately able to structure and close the facility very quickly.  As an employment agency, our client was very familiar with the ABL structure, and the incumbent bank was helpful and responsive in the transition of the facility to Amerisource, while maintaining the deposit relationship.  We look forward to a long-lasting relationship as the client pursues its growth objectives.”

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