Daily News: February 12, 2013

Amerisource Funding Closes Three Transactions Totaling $3.6MM


Amerisource announced the closing of a three transactions that total $3.6 million. The deals include:

  • a $2.5 million asset-based line of credit for a staffing company in Florida, with proceeds being used to refinance higher cost indebtedness and for additional working capital;

  • a $1 million working capital line for a medical furniture manufacturer based in North Carolina with proceeds of the facility used to finance its three operating subsidiaries; and

  • a $100,000 A/R factoring facility for an automotive detailing company in Pennsylvania with proceeds of the facility used for working capital.