Demand Media secures expanded $225M credit facility

Demand Media (DMD) secures a new $225M credit facility comprised of a $125M revolver and a $100M term loan due 2018. The facility has an additional $25M accordion feature. It replaces Demand's existing $105M revolver due to expire in 2016.

CFO Mel Tang: This new credit facility ... provides liquidity to pursue our strategic objectives, including the previously announced spin-off of our domain services businesses."

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs