 Articles |
|
|
|
| Want to receive new articles via e-mail? Click here! |
/Home
/SE News
|
interCLICK Increases Financial Standing  |
|
|
|
|
Synopsis:
Search firm, interCLICK, has increased its financial flexibility, through the repayment of a senior secured promissory note, which constitutes Longview Marquis Master Fund, L.P.'s balance of the funding issued. |
|
|
The Article
New York, New York - (Cheap Web Hosting Directory) - October 16, 2008 - Search firm, interCLICK, has increased its financial flexibility, through the repayment of a senior secured promissory note, which constitutes Longview Marquis Master Fund, L.P.'s balance of the funding issued.
The initial principal amount was $4,388,889. The Note, which had a face value of approximately $1.7 million as of June 30, 2008, was secured by a first security interest on all of the Company's and its subsidiaries<' assets.
Michael Mathews, CEO of interCLICK remarked, ''The repayment of the Note increases the Company's financial flexibility and should improve its ability to secure a revolving credit facility to support working capital requirements as it enters the seasonally strongest period of its year. As a result of the significant improvements to interCLICK's balance sheet, we believe the Company is well positioned to continue to invest in its businesses to support further growth.''
Since the completion of the first quarter ended March 30, 2008, interCLICK has repaid approximately $4.5 million in indebtedness.
interCLICK, Inc., operates the interCLICK Network, an online ad network that combines advanced behavioral targeting with site by site reporting, allowing advertisers to identify and track desired audiences. interCLICK offers advanced proprietary demographic, behavioral, contextual, geographic and retargeting technologies across a network of name brand publishers to ensure the right message is delivered to a precise audience in a brand friendly environment.
To learn more, please visit: www.interclick.com.
|
|
|
|
|
|
| Sponsors |
|
|
|
|
