Donuts, which manages a top-level domain name portfolio, closed a $110 million credit facility led by Silicon Valley Bank.

Cadence Bank, Comerica Bank, Pacific Western Bank and Umpqua Bank also participated in the facility. The debt financing was oversubscribed.

Donuts is using these funds to complete its $213 million merger with the Rightside Group, and for general corporate purposes.

“We are delighted to partner with Silicon Valley Bank and are gratified by the enthusiastic response from co-lenders,” said Donuts CEO Bruce Jaffe. “SVB understands deeply our business and our industry and did a terrific job in forming a syndicate of leading institutions. This financing will help to fuel our growth, as we focus on helping individuals and organizations to transform their online branding capabilities.”

“Donuts growth and opportunities are reflections of the emerging category of new, top-level domains, its management team, portfolio and its strategy,” said Jayson Davis, director, Silicon Valley Bank. “We appreciate the opportunity to have worked with the leadership team at Donuts, as well as our banking partners, to enable the right financing at the right time to help the company achieve its growth goals.”

With its latest acquisition, Donuts now offers 238 new domains, including .email, .guru, .social, .business, .life, .restaurant and others.