Amerisource Business Capital closed and funded a $3 million credit facility for an international occupational health services company based in Texas. The company used the proceeds to refinance existing bank debt and support additional working capital needs.
“The client is growing rapidly due to the increased need for healthcare testing in the COVID-19 environment,” Bill Herrington, EVP for Amerisource, said. “Our ability to structure a facility to accommodate exponential growth was critical for the company.”
“Amerisource came highly referred by the company’s existing bank,” Allison Billings, regional market manager for Amerisource, said. “We tailored a revolving credit facility and a real estate bridge loan to fit the company’s objectives. All parties were great to work with, and we’re very excited to welcome this new relationship to the Amerisource family. The company has a long operating history and we look forward to our partnership.”
Founded in 1984, Amerisource is a direct lender to businesses with borrowing needs up to $20 million.