Daily News: January 2, 2013

Amerisource Funds Three New Credit Facilities


Amerisource Funding announced the closing and funding of three recent transactions totaling $2.8 million.

Amerisource closed and funded a $2.5 million credit facility for a hosiery importer in North Carolina, with proceeds of the facility used to refinance a higher cost credit facility and for additional working capital.

Amerisource also closed and funded a $200,000 credit facility for a control valve distributor in Louisiana. The third credit facility of $100,000 went to a telecommunications firm based in California. Proceeds of both facilities were used for working capital.

Amerisource provides working capital financing and outsourced receivables management to small- and middle-market companies with financing needs from $50,000 to $10,000,000.