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Amerisource Provides $500,000 ABL to Universal Premier Electronics

September 05, 2013, 07:22 AM
Filed Under: Manufacturing

Amerisource announced that its ABL division, Amerisource Business Capital, closed and funded a $500,000 revolving ABL facility for Universal Premier Electronics LP. Proceeds of the facility were used to pay off the company’s existing bank debt and to provide additional growth capital. The company, headquartered in Houston, TX, is a full service contract manufacturer of assemblies and precision electronic components. The company chose Amerisource for its flexible structure and the “floating” credit line which will help ensure ample liquidity as the company grows.

Michael Monk, managing partner of Amerisource, said “We are pleased to have the Universal Premier relationship. The company has lofty plans for growth, and we look forward to helping them achieve these goals.”

Founded in 1984 and headquartered in Houston, Texas, Amerisource is one of the largest and fastest-growing independent commercial finance companies in the country.

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