Digital Insurance secures $120 million loan to pursue growth strategy

By Wendy Van Sickle

Columbus, Ohio, April 28 – Digital Insurance has secured a $120 million credit facility, the company announced Tuesday in news release.

Bank of America Merrill Lynch and JPMorgan Chase Bank led the financing with PNC Bank, Regions Bank and Newbridge Bank participating.

Digital described the facility as a “growth-oriented financing for the next phase of the company’s strategy of consolidation in key markets around the country.”

Digital Insurance, an employee benefits-only adviser, is based in Atlanta.

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