Amerisource Business Capital funded a $5 million credit facility for a Texas-based manufacturing company which supports the LNG industry.

Proceeds from the facility were used to refinance the company’s existing bank revolver and term facility and for additional growth capital.

Daniel Martinez, regional market manager for Amerisource, stated, “We are pleased to welcome this new client. The business has a seasoned management team, long history and strong balance sheet. They had been looking for more flexible growth capital than their bank was able to provide. Amerisource provided a $3 million revolver against A/R and inventory, as well as a $2 million term facility secured by real estate, machinery and equipment.”

“With our home office based in Texas, Amerisource is uniquely positioned to support the energy industry. We look forward to partnering with this client and helping them achieve their growth and business objectives,” said Bill Herrington, executive vice president for Amerisource.

Amerisource is one of the largest independent finance companies in the nation, having provided more than $7 billion in capital to borrowers and clients through both its asset-based lending arm (Amerisource Business Capital) and its A/R financing arm (Amerisource Funding).