Amerisource Business Capital closed a $7.5 million senior credit facility for a cabinet door and components manufacturer. The proceeds were used to refinance the company’s existing bank debt and provide additional working capital to support growth initiatives.
“The company was referred to us by a commercial bank seeking a financing partner to provide enhanced liquidity,” Grant Flamang, market manager for Amerisource Business Capital, said. “Amerisource structured a senior secured facility backed by accounts receivable, inventory and equipment, enabling the client to both strengthen its capital position and pursue new growth opportunities. This transaction is a great example of Amerisource’s ability to deliver creative financing solutions that support our clients’ continued growth and success. We are incredibly grateful for the opportunity to partner with this bank-referred client.”
