Amerisource Closes $1,250,000 Facility for an Oil & Gas Parts Manufacturer
Release date: 03/23/2016
Amerisource Closes $1,250,000 Facility for an Oil & Gas Parts Manufacturer
Houston, TX, April, 2016 – Amerisource announced the closing and funding of a $1,250,000 credit facility for a parts manufacturer in the oil & gas industry in Nevada. Proceeds of the credit facility were used to refinance the company’s existing bank debt and to provide additional working capital for growth.
The Company needed a larger line of credit to facilitate its continued growth. The Company was referred to Amerisource by its consultant when the Company’s bank was unable to accommodate the increased credit line request due to general financial stress in the oil and gas industry.