Modern Group Receives $22-Million Credit Line

Modern Group Ltd. of Bristol Township, PA has secured a $22-million revolving credit facility from PNC Bank to help it with future growth.

Modern Group Ltd. of Bristol Township, PA has secured a $22-million revolving credit facility from PNC Bank to help it with future growth.

Modern provides leasing, sales, short-term rental and service for forklifts, warehouse products, construction equipment, generators and stand-by power generation. It also offers training on such equipment. It has more than $100 million in collective annual sales. The company will use the credit to purchase more inventory and fund future acquisitions, as well as cover working capital and liquidity needs.

For the entire story, click here.

Latest