Daily News: November 29, 2017

Amerisource Closes $1MM Credit Facility for Media Company

Amerisource closed and funded a $1 million credit facility for a nationwide advertising and media company. Proceeds of the facility will be used to finance working capital and projected growth.

Established in 2015, the company provides media support to digital and print advertising agencies. Amerisource was introduced to the company through its banker.

“We are pleased to provide this facility for the company. The company is high growth, but with uneven profits and a thin capital base. This profile does not fit within traditional bank parameters, but it fits very well with what Amerisource is able to deliver, and we were able to close the facility very quickly for them,” said Andy Allaire, market manager for Amerisource. “We look forward to partnering with this company as they execute future growth plans.”