Daily News: March 21, 2014

Amerisource Closes $2MM Facility for Oil and Gas Field Servicer

Amerisource announced that it closed and funded a $2 million revolving credit facility for an oil and gas field services provider based in Texas.

Proceeds of the facility were used to refinance the company’s existing bank line and to provide additional growth capital.

The company has experienced tremendous growth over the past several years, and its existing bank was no longer able to increase its line of credit to accommodate the increasing working capital needs. Amerisource was determined to be the ideal financing partner for this growing business.