Daily News: September 5, 2013

Amerisource Closes ABL for Universal Premier Electronics

Amerisource said its ABL division, Amerisource Business Capital, closed and funded a $500,000 revolving ABL facility for Universal Premier Electronics. Proceeds were used to pay off the company’s existing bank debt and provide additional growth capital. Amerisource offered a flexible structure and “floating” credit line to ensure 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.”

Universal Premier Electronics, headquartered in Houston, is a full-service contract manufacturer of assemblies and precision electronic components.