Daily News: June 16, 2014

Amerisource Closes $3MM Facility for Oil Field Welder

Amerisource announced it closed and funded a $3.0 million revolving credit facility for an oilfield service company based in Texas.

Amerisource said it 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.