Thursday, August 9, 2007

DG FastChannel Gets $85M Credit Facility

Dallas, Texas-based DG FastChannel said Thursday afternoon that it has closed a new $85M credit facility, arranged by BMO Capital and Wachovia Bank N.A. The new facility includes a give year, $40M senior secured revolving credit facility and $45M term loan. The firm said that it will use the credit facility to finance its previously announced acquisition of GTN, Inc. DG FastChannel is a provider of digital media services, including digital asset management, online delivery of HD content, and other services.