Amerisource Closes $1,000,000 Facility for Coal Mining Services Company
Release date: July 16, 2016
Amerisource Closes $1,000,000 Facility for Coal Mining Services Company
Houston, TX – Amerisource Funding announced the closing and funding of a $1,000,000 revolving line of credit for a Pennsylvania based company that provides services to coal mines. Proceeds of the facility are being used to refinance an existing line of credit and equipment loans and provide additional growth capital. The facility was needed when the Company’s current equipment lender sought to reduce its overall exposure to the mining industry. The lender referred the Company to Amerisource as a solution. Amerisource’s ability to react quickly and handle a single debtor concentration resulted in a win-win-win solution for everyone.
Contact:
Jaylene Cyr (713) 863 8300 Ext. 239
jcyr@amerisource.us.com