Mitchell Secures $50 Million Loan
Oct. 28, 2016—Mitchell International has announced the closing of a $50 million senior secured first lien term loan, which is an add-on under Mitchell’s existing credit agreement. Funds from this term loan will be used primarily for technology investment, the company said.
Mitchell is specifically looking to simplify the claim handling process.
“We are thrilled that investors continue to show confidence in Mitchell,” said Alex Sun, CEO of Mitchell.