Rockland Trust closed a $30 million revolving line of credit to Milton’s Distributing, 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.”
Mansfield, MA-based Milton’s works with its customers to take vineyard and winery brands to market.
