Austin Financial Services (AFS) closed a $4 million ABL facility, consisting of an accounts receivable and inventory revolver, with an equipment term loan, to a private equity owned contract beverage manufacturer based in the Pacific Northwest. Proceeds from AFS’ revolver were used to refinance the bank and will provide ongoing working capital to support the company’s growth forecasts.
“As traditional sources of capital shrink, AFS is pleased to step in and provide capital support for the growth investment initiatives of our private equity partners and their lower middle market portfolio companies,” Jason Anish, president and CEO of AFS, said. “Our experienced underwriting and client relationship teams worked closely with the Company’s management team to close the facility by the deadline.”
