- Pitney Bowes Inc's (NYSE:PBI) Pitney Bowes Bank signed a term loan and accompanying revolving line of credit with Zion Delivery Service, Inc (ZDS) of Long Beach, California.
- ZDS specializes in Last-Mile Delivery support for large national and regional carriers in Los Angeles County, Orange County, and other markets across Southern California.
- The credit facility from Pitney Bowes provides ZDS with the working capital, liquidity, and flexibility required to generate sustained growth.
- "We are pleased to support ZDS through our deep expertise in the shipping and logistics industry. This deal embodies our strategy to continue to grow with companies like ZDS that are well poised in this rapidly expanding market segment," commented Christopher Johnson, SVP and President, Pitney Bowes Financial Services, and Board member of the Bank.
- Price Action: PBI shares are trading higher by 1.29% at $5.11 on the last check Wednesday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Pitney Bowes Financial Inks Term Loan With Zion Delivery Service
Pitney Bowes
Bank
California
PBI
Christopher Johnson
Long Beach
Los Angeles County
NYSE
Orange County
Pitney Bowes Inc
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks