Tiger Rental Group refinanced its $160 million credit facilities, consisting of a $100 million senior first lien term loan with Orion Energy Partners and a $60 million working capital revolving credit facility with JPMorgan Chase Bank.
The refinancing provides significantly improved pricing and terms that reflect the company’s strong financial performance and current market conditions.
“Tiger Rentals is pleased to continue our partnerships with Orion Energy and J.P. Morgan,” said Casey Crenshaw, chairman of Tiger Rentals and president of The Modern Group. “Tiger remains optimally positioned to service our customers and grow the business in any energy market environment. We will continue to actively pursue attractive growth opportunities for our onshore and offshore business both domestically and internationally.”
Tiger Rentals is a wholly owned subsidiary of The Modern Group and provides equipment rental and safety services to the energy industry.
