Amerisource Business Capital closed a $25 million credit facility for an oil field services company based in Texas and Oklahoma.

Andy Allaire, regional market manager for Amerisource, stated, “The company’s existing lender is exiting the oil and gas lending business. We worked closely with management, the private equity ownership group and the existing term lenders to structure a facility that met all of their refinancing and growth capital needs.”

Bill Herrington, EVP of Amerisource, added, “We are based in Texas and understand the unique needs of the energy business. We look forward to partnering with this client and helping them achieve their growth and business objectives.”