SLR Digital Finance (SLRDF) provided a $60 million senior secured revolving credit facility to a digital media and publishing company.
The facility was used to refinance the company’s existing senior debt and to support ongoing working capital needs. The facility offers enhanced financial covenant flexibility and broader borrowing availability. SLRDF worked closely with the management team and its incumbent venture debt lender to structure a creative financing solution that aligns with the company’s seasonal working capital requirements.
“We’re thrilled to partner with this exceptional team in what we believe is the beginning of a long-standing relationship,” Jeffrey Austin, senior vice president at SLR Digital Finance, said. “They’ve built a remarkable platform, and we’re excited to support their continued innovation and growth with a credit facility designed to provide both flexibility and certainty.”
