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Rockland Trust Provides Asset Based Credit Facility to Milton’s Distributing Co.

December 10, 2019, 08:50 AM
Filed Under: Distribution
Related: Rockland Trust

Rockland Trust announced it closed a $30 million revolving line of credit to Milton’s Distributing Co., Inc., a national wholesale distributor and importer of wine, beer and spirits. The loan will be used to refinance existing senior debt and provide working capital to support the company’s continued expansion.

“We’re excited to partner with Milton’s Distributing Co. to support their business needs and provide additional liquidity for future growth,” said Daniel J. Landers, Senior Vice President and Executive in Charge of Asset Based Lending at Rockland Trust. “Milton’s is a leader in their industry and they have built a top notch team, platform and business. We believe we are the perfect partner for this growing company.”

Melissa Gordon, President of Milton’s commented, “We are grateful for the opportunity to partner with Rockland Trust.  We are well positioned for continued growth and diversification across all facets of our business and having an institution like Rockland Trust, with expertise in our field, will enable us to execute on our strategic plan.”

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