Rocket Fuel (Nasdaq:FUEL) Gets $100M Syndicated Credit Facil

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Posted On: 12/26/2013 2:39:54 PM

Posted By: karnelo63

Rocket Fuel Inc. (FUEL)

FUEL reported that it had entered into a $100 million syndicated credit facility led by Comerica Bank on December 20, 2013. The syndicate also includes Silicon Valley Bank and City National Bank. This credit facility amends and restates FUEL 's existing Loan and Security Agreement dated April 7, 2010.

With the amended facility, FUEL 's liquidity reserves comprising cash and committed credit facilities will help support future growth and financial flexibility for FUEL in the coming years.

The facility is available to fund working capital growth, capital expenditures, and other general corporate purposes. The facility expires on December 20, 2018 with respect to term loans and on December 20, 2016 with respect to revolving loans.

FUEL delivers a leading programmatic media-buying platform at Big Data scale that harnesses the power of artificial intelligence (AI) to improve marketing ROI in digital media across web, mobile, video, and social channels.

More about Rocket Fuel Inc. (FUEL) at www.rocketfuel.com

Crown Equity Holdings Inc. (CRWE)

Unlike traditional media that is often created by no more than 10 people, social media sites contain content that has been created by hundreds or even millions of different people.

CRWE is looking to deliver value for its stockholders in both the near and long term, and to improve the potential future growth for the company, is targeting the multi-billion dollar social networking service market.

CRWE is currently developing a social networking service and phone app, CRWE Network (CRWE-PR), that is designed to target all the communities in every state of the United States.

CRWE ‘s business plan is based on selling advertising to local businesses. Its goal is to facilitate exchanges of goods and services in a manner similar to Craigslist, a classified advertisements website with sections devoted to jobs, housing, personals, for sale, items wanted, services, community, gigs, résumés, and discussion forums.