Amerisource Business Capital closed a $16 million revolving credit facility for a transportation and logistics company based in Texas. The proceeds were used to refinance the company’s existing bank revolver to provide greater liquidity and support for the company’s continued expansion efforts.
“After leaving for a commercial bank, the company opted to return to Amerisource due to our flexibility and increased borrowing base availability,” Bill Herrington, executive vice president at Amerisource, said. “We look forward to this renewed partnership and the opportunity to support the company’s future growth strategy.”
“It’s very gratifying to hear from returning clients that we are supportive, easy to work with and have a distinct advantage over traditional bank facilities,” Daniel Martinez, market manager at Amerisource, said.
