On Friday, Mitchell International announced the closing of a $50 million senior secured first lien term loan. The term loan is an add-on under Mitchell’s existing Credit Agreement.
Mitchell expects to use the proceeds of the term loan to continue its track record of investing in technologies that drive better outcomes in the markets it serves. Mitchell seeks to simplify the claim handling process across the Auto Physical Damage, Casualty and Pharmacy sectors.
“We are thrilled that investors continue to show confidence in Mitchell,” said Alex Sun, CEO of Mitchell. “Our ability to attract capital allows us to deliver on