Amerisource Business Capital announced the closing and funding of a $5,000,000 working capital facility for a Texas-based manufacturer of outdoor recreational products. The proceeds were used to refinance the company's existing bank line and support its ongoing working capital needs.
Allison Billings, Market Manager for Amerisource, stated: “We structured a flexible asset-based revolver to meet the specific needs of this seasonal business. The management team was a pleasure to work with during the onboarding process and we look forward to our partnership with this new client.”