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Amerisource Closes $3MM Facility for Oil Field Welder

June 16, 2014, 07:43 AM
Filed Under: Energy Services
Related: AmeriSource

Amerisource announced that it closed and funded a $3 million revolving credit facility for an oilfield services company based in Texas.

Amerisource was introduced to the business by the Company's bank. Proceeds of the facility were used to refinance the existing bank debt, retire past due tax obligations, and provide additional working capital to support continued growth.

Founded in 1984 and headquartered in Houston, Texas, Amerisource is one of the largest and fastest-growing independent commercial finance companies in the country. Amerisource provides working capital financing and outsourced receivables management to small and middle market companies with financing needs from $50,000 to $10 million.

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