SLR Credit Solutions closed a $50 million senior credit facility comprised of a revolver and term loan for Fluent, a performance marketing company that delivers customer acquisition and partner monetization solutions through its digital media portfolio, global commerce partnerships and proprietary data and tech.
Proceeds from the transaction were used to refinance existing debt and to provide enhanced liquidity for general operations and growth.
“We are enthusiastic about the strategic and financial role that our performance marketplaces are playing in our long-term growth agenda,” Don Patrick, CEO of Fluent, said. “The new credit facility from SLR CS will provide the necessary flexibility for our transformation and growth over the next 12 months and beyond.”
“Fluent is a market leader and continues to make strategic investments as the sector evolves,” Tanner Phifer, managing director of SLR Credit Solutions, said. “We are excited to be the company’s financial partner and to help support their key initiatives.”
