Lenders have stepped up to the plate to provide DG FastChannel with new senior debt facilities totaling 145 million bucks. The lending consortium was arranged by BMO Capital Markets. Some of the cash will be used to close DG’s purchase of the Vyvx advertising services business.
The six-year credit facility consists of 115 million in term loans and a 30 million revolving credit facility. The new expanded facility replaces DG FastChannel’s prior 85 million credit facility.
The bank group consists of: BMO Capital Markets, Wachovia Bank, N.A., Webster Bank, N.A., Citibank, N.A., Fifth Third Bank, First Tennessee Bank, N.A., First Bank, and Bank of the West.