![\"Pattison](\"https:\/\/www.send2press.com\/wire\/images\/21-0517s2p-pattisonco-696x522.jpg\")
<\/em><\/p>\nKyle Pattison, CEO and owner of Pattison,\u00a0said,\u00a0\u201cWe are very pleased with the pricing,\u00a0structure and covenants of the package. Amerisource will be an\u00a0important\u00a0partner going forward. This refinancing gives us an exceptionally\u00a0strong\u00a0balance sheet and the liquidity to take advantage of the numerous opportunities we have before us. Our sand, aggregate and storage businesses\u00a0are all growing, and we have several new initiatives. We deeply appreciate the intense due-diligence Amerisource performed and their response which was tailored to meet all\u00a0our needs.\u201d<\/p>\n
Bill\u00a0Herrington, EVP of Amerisource, added: \u201cWe are very pleased to partner with Kyle and the entire Pattison team. The company has a rich history and track record, and we look forward to supporting their continued growth and expansion.\u201d<\/p>\n
The facility was arranged by JFM Capital Advisors, LLC and CS Merchant Capital Partners.\u00a0Joe Maly, Managing Partner of\u00a0JFM Capital Advisors,\u00a0said,\u00a0\u201cThe high overall interest\u00a0level this transaction generated in the credit market is a testament to Pattison\u2019s diversified business model, their high caliber management and great team.\u201d<\/p>\n
More information can be found here: http:\/\/www.pattisonsand.com\/pattison-announces-major-refinancing-package\/<\/a><\/p>\n
![https:\/\/www.Send2Press.com\/300dpi\/21-0517s2p-pattisonco-300dpi.jpg<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"CLAYTON, Iowa, May 17, 2021 (SEND2PRESS NEWSWIRE) — Pattison Company, a leading provider of high-quality industrial sand, construction aggregate, armor stone and rail car storage, will use the proceeds to refinance existing term debt and equipment debt, new projects, and working capital.<\/p>\n","protected":false},"author":8983,"featured_media":71795,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12804,585,1,575,522,16094],"tags":[16097,16096,16095],"class_list":["post-71796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ap","category-building-products-news","category-business-news","category-investment-news","category-iowa-news","category-railways-and-trains","tag-amerisource-business-capital","tag-construction-aggregate","tag-ndustrial-sand","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":4377,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/71796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/8983"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=71796"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/71796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/71795"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=71796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=71796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=71796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.Send2Press.com\/300dpi\/21-0517s2p-pattisonco-300dpi.jpg\"){kind=link}