SLR Digital Finance (SLRDF), a provider of asset-based lending solutions for the digital media industry, closed a new senior secured credit facility for an over-the-top (OTT) streaming platform. The new facility consists of a revolving line of credit to support the platform’s working capital needs and continued growth.
“We are thrilled to support this OTT company and their growth initiatives with this upsize financing,” Jeffrey Austin, senior vice president at SLR Digital Finance, said. “The company has built an impressive streaming platform that provides free access to culturally relevant content to millions of viewers and advertising products to brands and agencies. SLRDF’s credit facility provides the company with the flexibility to continue scaling its offerings and brand partnerships.”
