SLR Digital Finance (“SLRDF”), the leading provider of asset-based lending solutions for the digital media industry, is pleased to announce the closing of a new senior secured credit facility for an over-the-top (OTT) streaming platform. The new facility consists of a revolving line of credit to support the platform’s working capital needs and continued growth.
“We are thrilled to support this OTT company and their growth initiatives with this upsize financing”, said Jeffrey Austin, SVP at SLR Digital Finance. “The company has built an impressive streaming platform that provides free access to culturally relevant content to millions of viewers and advertising products to brands and agencies. SLRDF’s credit facility provides the Company with the flexibility to continue scaling its offerings and brand partnerships.”
The transaction highlights SLRDF’s commitment to providing flexible financing solutions to companies in the digital media industry.
About SLR Digital Finance
SLR Digital Finance is the largest non-bank lender to the ad tech, digital media, and digital platforms arena in the United States. SLRDF offers factoring and asset-based loans up to $100 million and finds ways to provide borrowers with maximum availability and flexibility. SLRDF serves advertising technology companies, publishers, ad networks, creative studios, agencies, and digital platforms. For more information, visit slrdigitalfinance.com.
SLRDF is a wholly owned subsidiary of SLR Business Credit (an SLR Investment Corp company; NASDAQ: SLRC).