Fluent Inc. Secures $30 Million Credit Facility with Bay View Funding
Reuters
Dec 02
Fluent Inc. Secures $30 Million Credit Facility with Bay View Funding
Fluent Inc., a leading provider of commerce media solutions, has secured a new $30 million financing facility with Bay View Funding, a subsidiary of Heritage Bank of Commerce. The agreement is collateralized by all assets of Fluent and its subsidiaries and offers expanded borrowing availability compared to the company's previous credit facility with SLR Credit Solutions, which has been fully repaid. The new facility carries no liquidity or financial covenants, enhancing Fluent's financial flexibility and liquidity to support ongoing business growth. ThinkEquity acted as the placement agent for the transaction.
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