Amerisource Business Capital announced the closing and funding of a $1,000,000 asset based revolver for a Texas-based pipeline service and repair firm.  The company was introduced to Amerisource by its banker. 

Proceeds from the facility were used to refinance the company’s existing debt and for additional working capital to support future growth.

Andy Allaire, Market Manager for Amerisource, stated: “We are pleased to support this company as they continue to grow.  We were able to structure a revolver quickly and efficiently, closing the facility just two weeks after our initial introduction.  The management team has been great to work with, and we look forward to the company’s continued success.”