M&T Bank Arranges Merkle Facility Expansion
Merkle announced it closed an amendment to provide capacity to upsize its credit facility to $325 million senior secured credit facilities for general corporate purposes and acquisitions. The amendment, arranged by M&T Bank, serves to increase the overall size of the facility and provide the Company with increased flexibility.
“This amplification of facility gives Merkle flexibility to seize opportunities for growth in our digital agency capabilities, as well as depth of knowledge and penetration in the industries we serve,” said Jean Holder, EVP and CFO of Merkle. “We are focused on both scaling our capabilities on the channel, or site, side, as well as the expansion of our global footprint into Europe and APAC, to deepen critical multi-national client relationships. We appreciate the broad support we have received from M&T Bank during the process of securing this line, as well as the group of lenders who will facilitate Merkle’s continued position at the forefront of the digital movement in marketing.”
M&T Bank Corporation acted as the sole lead arranger and bookrunner on the transaction and a group of lenders including Bank of America, Capital One, Fifth Third Bank, Santander Bank, BB&T, PNC Bank, First Commonwealth Financial, Tristate Capital and Stifel Bank.
Merkle is technology-enabled, data-driven customer relationship marketing firm.