Amerisource Provides Debt and Equity to Support Lilium’s Sale of XBL to Kenan

Lilium Group sold Xcel Bulk Logistics (XBL) to the Kenan Advantage Group (KAG), a bulk logistics company in North America. Amerisource provided both debt and equity to support the growth of XBL._x000D_
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“Congratulations to Peterson Hawkins and Lilium Group LLC,” Bill Herrington, executive vice president at Amerisource, said. “Amerisource was pleased to be an investor in Lilium Group, which owns XBL, and provided both equipment financing and corporate debt to the company.”_x000D_
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“Our debt and equity partnership with Amerisource was instrumental in providing XBL with the capital and flexibility required to scale quickly and respond to customer demands,” Peterson Hawkins, managing partner of Lilium Group, said. “XBL’s sale to KAG is a great outcome for investors and gives the XBL team the opportunity to expand its offerings as part of a world-class organization.”