Austin Financial Services (AFS) closed a $10 million accounts receivable revolver for a logistics and shipping provider specializing in mail and parcel delivery across the U.S. and Latin America.
The company was experiencing rapid growth but found that its existing factor could no longer support its operational needs. In search of a financing partner better equipped to meet those needs, the company turned to AFS.
AFS delivered a tailored ABL facility that enabled the refinancing of the previous lender while also unlocking additional working capital. With this new facility in place, the company is now well-positioned to strengthen its infrastructure, scale operations and capitalize on global growth opportunities.
“This transaction reflects Austin Financial Services’ ability to support companies at critical inflection points,” Jason Anish, president and CEO of AFS, said. “Our team worked closely with management to structure a flexible ABL facility that refinanced the prior lender while also providing additional liquidity to support continued expansion.
