Amerisource Business Capital closed and funded a $17 million senior credit facility for an Iowa-based sand and construction aggregate firm, which used the proceeds to continue the expansion of its business lines and to support ongoing working capital needs.
“We worked closely with the management team to structure a facility to meet their needs and it was a pleasure working with the team during the onboarding process,” Allison Billings, regional market manager for Amerisource Business Capital, said.
“The company has a rich history and track record and we look forward to supporting their role in the growth and expansion of our country’s infrastructure,” Bill Herrington, executive vice president for Amerisource Business Capital, said.
