Amerisource Business Capital Funds $2MM Senior Credit Facility for Food Production Firm

Amerisource Business Capital funded a $2 million senior credit facility for a New York-based commercial bakery that provides private-label baked goods to retail and institutional users. The proceeds were used to fund growth and ongoing operations.

“An independent sponsor capitalized the business and they are ramping up production. They required a flexible asset-based revolver to fund growth,” Andy Allaire, senior vice president for Amerisource, said. “We are pleased to onboard this new client and look forward to our partnership and the opportunity to support their future growth.”