LOSANGELES -- BankAmerica Business Credit said it has provided a $55 million revolving credit facility to PDI Enterprises Inc., a pharmaceuticals distributor based in North Hollywood.
PDI, which has more than tripled sales during the last two years, said it will use the 2 1/2-year, asset-based line for working capital and to support a subsidiary's growth in Puerto Rico.
The BankAmerica facility replaces a $45 million credit that had been extended by three other financial institutions.