Publishers Clearing House has received $29 million in financing from CIT Business Credit, an asset-based lender. The arrangement includes a $20 million revolving line of credit and a $9 million term loan. At least part of the arrangement will be used as working capital for Publishers Clearing House. CIT Business Credit is a unit of CIT Group Inc., New York. Publishers Clearing House is based in Port
Advertisement
Publishers Clearing House has received $29 million in financing from CIT Business Credit, an asset-based lender. The arrangement includes a $20 million revolving line of credit and a $9 million term loan.
At least part of the arrangement will be used as working capital for Publishers Clearing House.
CIT Business Credit is a unit of CIT Group Inc., New York. Publishers Clearing House is based in Port Washington, NY.
