Gateway Media closed on a new $40 million credit facility. The facility consists of a $20 million revolving credit and a $20 million term loan. SunTrust Robinson Humphrey and its affiliates acted as left lead arranger and administrative agent and Fifth Third Bank acted as joint lead arranger and syndication agent on the new credit facility.

“The new credit facility will allow us to continue to develop and expand our content offerings,” said Gabe Douek, the company’s CEO. “We are poised for accelerated growth and capital from the new credit facilities will allow us to expand internally as well as through strategic acquisitions.”

“Closing the new credit facility is an important step for us to accelerate our growth and development,” said Jeff Sanders, the company’s CFO. “We appreciate SunTrust’s and Fifth Third’s leadership in completing this transaction.”

Gateway is an online publisher, focused on building shareable web destinations that inform and entertain the world.