Amerisource Business Capital closed and funded a $12,000,000 senior credit facility for a Texas-based provider of well integrity solutions to the oil & gas industry. The working capital was used to support the company’s global expansion plans.

Doug Forbes, Regional Market Manager for Amerisource, stated: “We are excited to provide this credit facility to assist the company as they grow and expand.”  Bill Herrington, EVP of Amerisource added,  “We were able to structure a facility that better utilized and leveraged the Company’s assets and provided them with the capital needed for expected domestic as well as international growth.”

Founded in 1984, Amerisource is a direct lender and capital provider to growing businesses throughout the United States with borrowing needs up to $25 million. Amerisource is one of the largest independent finance companies in the nation, having provided over $8 billion in capital to over 1,600 companies across the U.S.