Friday, March 14, 2008

DG FastChannel Gets $145M In Senior Debt

Dallas-based DG FastChannel, a provider of digital media services for the advertising, publishing, and broadcast industry, said Thursday that it has closed a six year, $145 senior credit facility. The new financing was lead by BMO Capital Markets, and included credit from 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. The firm said the senior credit facility includes $115M in term loans, pus $30M in revolving credit. The financing will go towards DG FastChannel's acquisition of Vyvx, as well as other strategic growth. DG FastChannel had announced its $129M acquisitionn of Vyvx in December.