Austin Financial Services closed a $3 million senior secured credit facility comprised of an A/R and inventory revolver for a Southwest-based developer and manufacturer of specialty chemical compounds used in oil & gas drilling and road construction.
Proceeds were used to refinance the company’s existing senior debt, provide support for existing working capital needs and free up additional capital for the business’ long-term growth.
“AFS provides the flexibility and customized finance services our customers need and count on us to provide,” said Jason Anish, president and CEO. “We are pleased to provide a working capital facility that will help the company maximize its liquidity as they look to achieve future growth.”
