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Real Estate/Development

Oct. 28, 2016

Mitchell International closes $50 million loan

The company is a provider of technology, connectivity and information solutions to the property and casualty insurance and collision repair industries.

Mitchell International Inc. announced Thursday the closing of a $50 million loan to invest in new technology.

The company is a provider of technology, connectivity and information solutions to the property and casualty insurance and collision repair industries.

The term loan is an add-on under Mitchell's existing credit agreement.

Mitchell expects to use the proceeds to simplify the claim handling process across the auto physical damage, casualty and pharmacy sectors.

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