Daily News: March 6, 2014

TAB Bank Provides $10MM Revolver to Wholesale Distribution Co.

TAB Bank announced it provided a $10 million senior revolving credit facility for a wholesale distribution company located in the Southeast.

The new facility is based on accounts receivable and inventory, is made available through a multi-year agreement, and will provide for the ongoing working capital needs of the company.

The company is a distributor of prescription and non-prescription pharmaceuticals as well as over-the-counter products such as toothpaste, shampoos and beauty aids.