Seeking Alpha

Rocket Fuel obtains $100M credit facility

  • Three months after raising $116M in gross proceeds through its 4M-share IPO, Rocket Fuel (FUEL +1%) has obtained a $100M credit facility from multiple banks. The company says the facility can be used to fund "working capital growth, capital expenditures, and other general corporate purposes." (PR)
  • The retargeted online ad platform had $125.3M in cash at the end of Q3, and $15M in debt.
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