Amerisource Business Capital funded a $1 million asset-based revolver for a Texas-based pipeline service and repair firm. Proceeds from the facility were used to refinance the company’s existing debt and provided additional working capital to support future growth.
The company was introduced to Amerisource by its banker.
“We are pleased to support this company as they continue to grow,” said Andy Allaire, market manager for Amerisource. “We were able to structure a revolver quickly and efficiently, closing the facility just two weeks after our initial introduction. The management team has been great to work with, and we look forward to the company’s continued success.”
