Adtech association MediaMath secures $175M credit facility

MediaMath, a association charity collection and information for programmed ad-buying, announced currently that it has cumulative a $175 million credit facility.

The understanding was led by Goldman Sachs, with appearance from Santander Bank.

The association says this financing will account a continued expansion and concede it to refinance existent debt. (MediaMath’s 2014 appropriation turn enclosed $105 million in debt.)

In a note to MediaMath employees, CFO Stacey Bain pronounced this doesn’t meant a association chose some-more debt “instead of” an equity appropriation round: “In fact, this line of credit allows us to be stretchable in terms of how and when we confirm to lift another turn of equity, ensuring we get a best understanding for MediaMath.”

And while a IPO marketplace seems to be improving for tech companies (including, perhaps, adtech), Bain also wrote that this isn’t environment MediaMath adult to go public: “Right now, we like handling secretly and we’ll try an IPO when and if it creates clarity for MediaMath.”

The association says it now has scarcely 700 employees and works with all of a vital ad holding companies.

“We’re anxious to work with Goldman Sachs and Santander, who are equally desirous to support a flourishing scale of a business today, and encouraged to support a needs of a reimagined and increasingly worldly supply sequence in a future,” pronounced CEO Joe Zawadzki in a appropriation release.

Featured Image: Smartline/Shutterstock

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Posted by on Jun 6 2017. Filed under NEWS. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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