DG FastChannel Gets More Credit
March 13, 2008 at 5:13 PM (PT)
DG FASTCHANNEl, a leading provider of digital media services to the advertising, entertainment and broadcast industries, has closed a new six-year, $145 million senior credit facility with BMO CAPITAL MARKETS as lead arranger. The senior credit facility consists of $115 million in term loans and a $30 million revolving credit facility. The new expanded facility replaces DG FASTCHANNEL's prior $85 million credit facility.
"We value BMO's relationship and appreciate the entire bank group's confidence in DG FASTCHANNEL and our plans for growth," CFO OMAR CHOUCAIR stated, The new credit facility provides an attractive cost of capital, available funding to close the VYVX transaction and the financial flexibility to continue pursuing our strategies for growth and expansion."