Amerisource Business Capital closed and funded a $12 million senior credit facility for a Texas-based provider of well integrity solutions to the oil and gas industry. The company used the working capital to support its global expansion plans.
“We are excited to provide this credit facility to assist the company as they grow and expand,” Doug Forbes, regional market manager for Amerisource Business Capital, said.
“We were able to structure a facility that better utilized and leveraged the company’s assets and provided them with the capital needed for expected domestic as well as international growth,” Bill Herrington, executive vice president of Amerisource Business Capital, said.
