Amerisource Closes Senior Credit Facility With Bank One
Release date: July 30, 2000
Houston, TX – Amerisource announced today that it recently closed a three-year senior credit facility with Bank One. The facility will supplement the Company’s existing investor program and will be used to support growth and ongoing working capital. Terms of the facility are favorable and will drastically reduce Amerisource’s cost of capital, improving both margins and earnings.
Michael Monk, Managing Director, commented “This new facility nearly doubles our working capital capacity — we’re now in very good position to continue our growth plans. The new facility will improve our net interest margin and resolves any potential financing issues for at least three more years.”
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Contact:
Jaylene Cyr (713) 863 8300 Ext. 239
jcyr@amerisource.us.com