Tiger Rentals closes $135M financing

Tiger Rentals Group LLC has closed on $135 million in financing, consisting of a $110 million senior first lien term loan with Orion Energy Partners LP and a $25 million working capital revolving credit facility with JPMorgan Chase Bank NA.

Tiger Rentals provides equipment rental and safety services to the energy industry. Tiger is a wholly owned subsidiary of The Modern Group Ltd.

JP Morgan acted as exclusive placement agent to Tiger Rentals in connection with the term loan from Orion Energy and Kirkland & Ellis LLP acted as legal advisor to Tiger Rentals. Latham & Watkins LLP acted as legal advisor to Orion Energy.

 

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