Daily News: September 17, 2013

Amerisource Closes Facility for Equipment Manufacturer

Amerisource announced the closing and funding of a $1 million credit facility for a cellular communications equipment manufacturer based in upstate New York.

This newly established venture-backed company needed a means for additional growth and working capital that its original investors were not prepared to provide. Since bank financing was not a viable option, Amerisource was the ideal financing partner. The credit facility will allow the company to grow, accelerating the equity group’s return on its investment.

“This is another great example of how Amerisource can work with private equity investors to leverage the Company’s assets to obtain that optimum balance of debt and equity that investors seek to maximize return on investment,” said D. Michael Monk, managing partner of Amerisource.