Amerisource Business Capital closed and funded a $1 million debtor-in-possession credit facility for a limestone quarry based in Missouri.
“We were pleased to work with the client and existing senior lender to assist the company in its restructuring plan,” Daniel Martinez, regional market manager for Amerisource, said. “The quarry had some past operational issues to address and needed additional capital to get operations back online. Our DIP facility was the perfect solution, and we look forward to our continued partnership.”
Founded in 1984, Amerisource is a direct lender to businesses throughout the United States with borrowing needs up to $20 million. The company has provided more than $8 billion in capital to borrowers and clients through both its asset-based lending arm (Amerisource Business Capital) and A/R financing arm (Amerisource Funding).