SLR Digital Finance Provides $10 Million Credit Facility to Sabio Holdings
SLR Digital Finance is pleased to announce the funding of a $10 million revolving line of credit for Sabio Holdings Inc. Headquartered in Los Angeles, Sabio is an ad-tech company that specializes in delivering highly targeted ads, insights, and services in ad-supported streaming to top Fortune 100 brands.
“We are pleased to partner with the team at SLR Digital Finance. As a former lender to Sabio under an earlier iteration, SLR has a deep understanding of our business and the broader digital media landscape,” said Sajid Premji, Sabio’s Chief Financial Officer. “We believe the new facility will provide Sabio with greater balance sheet flexibility at a competitive cost of capital. It will also fortify our balance sheet through several advantages over our previous arrangement, which includes increased liquidity and long-term stability through a multi-year term.”
“Sabio has been the leader in ad supported streaming television for many years, and we’re thrilled to be partnering with them again,” said Randy Mitzman, Managing Director at SLR Digital Finance. “Our flexible structure will allow them to be well positioned for future growth in a very competitive market”.
For more information, visit https://slrdigitalfinance.com.
SLR Digital Finance is a wholly owned subsidiary of SLR Business Credit, an SLR Investment Corp. company [NASDAQ: SLRC].