Austin Financial Services closed a $5 million ABL facility to a provider of communications and VoIP solutions to large enterprise businesses. Proceeds from AFS’ revolver were used to refinance the bank facility, with additional availability to support increased demand from existing customers, and to meet the company’s long-term growth targets.
“Our strong partnerships with PE-owned businesses and strong management teams continue to be one of the driving forces of our business. We delivered on our promise to execute a successful refinancing of the customer’s existing credit facility and provided new capital that will help them to continue to grow their business,” Jason Anish, president and CEO, said.
