Amerisource Closes $2,000,000 Senior Credit Facility for Food Production Firm
Release Date: 05/08/23
Amerisource Closes $2,000,000 Senior Credit Facility for Food Production Firm
Amerisource Business Capital announced the closing and funding of a $2,000,000 senior credit facility for a New York-based commercial bakery, providing private-label baked goods to retail and institutional users. The proceeds were used to fund growth and ongoing operations.
Andy Allaire, Senior Vice President for Amerisource, stated: “An Independent Sponsor capitalized the business and they are ramping up production. They required a flexible asset based revolver to fund growth. We are pleased to onboard this new client and look forward to our partnership and the opportunity to support their future growth.”