Digital Media Solutions, Inc.: debt financing — Digital Media Solutions draws $10M at 9.38% under revolving credit facility, fully drawn at $50M

Digital Media Solutions, Inc.

Borrowed $10M on May 24, 2023 at 9.38% interest under its $50M senior secured revolving credit facility.
Total outstanding under the facility is now $50.0M, fully drawn (previous draws: $5M Oct 2022, $35M Dec 2022).
Proceeds intended for general corporate purposes; post-draw cash on hand was approximately $27.7M.
Facility maintained under May 2021 credit agreement with lenders arranged by Truist Bank and Fifth Third Bank.

item 2.03

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Digital Media Solutions, Inc. incurred revolving credit of $10.0 million with Truist Bank at 9.38%.

Instrument: revolving credit
Principal: $10.0 million
Counterparty: Truist Bank
Rate: 9.38%
Event: incurrence

Exact text from the filing

On May 24, 2023, Digital Media Solutions, LLC (“DMS” or the “Company”), a subsidiary of Digital Media Solutions, Inc. (the “Company”), drew $10.0 million, at a borrowing rate of 9.38%, under its $50 million senior secured revolving credit facility

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Source: SEC EDGAR

accession 0001628280-23-019766

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