Daily News: June 11, 2014

Amerisource Funds Factoring Refi for Transportation Operator

Amerisource announced it closed and funded a $2.0 million revolving credit facility to a transportation company based in Michigan.

Amerisource said the company, which provides general over-the-road freight transportation, recently expanded its operations and required greater access to working capital. Proceeds of the facility were used to refinance the company’s outstanding factoring obligations and to fund ongoing working capital needs.