Amerisource Business Capital closed a $10 million working capital facility for a Texas-based manufacturer and distributor of industrial chemicals. The company used the proceeds to support growth.
“The structure includes a $5 million real estate accordion feature, increasing the transaction total to $15 million when exercised,” Bill Herrington, executive vice president at Amerisource Business Capital, said.
“The client’s accounting and finance departments worked well with our team at Amerisource to get this transaction rapidly completed,” Randy Goeken, market manager for Amerisource Business Capital, said.
