Daily News: February 21, 2014

Amerisource Closes Revolver for Wireless Data Transfer Co.

Amerisource announced the closing and funding of a $2.5 million revolving line of credit for a manufacturer of radio frequency ID tags for commercial and industrial markets.

Proceeds of the facility were used to finance ongoing working capital needs.

With limited availability of personal or corporate guarantees, Amerisource was the right financial partner to help support the company’s continued growth.

The company, headquartered in Delaware and owned by an international investment group, expanded into the U.S. and has a large, well- established and global customer base.