ValueClick Inc. has received a revolving credit facility of up to $100 million, which it can tap at any time through Nov. 14, 2011
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ValueClick Inc. has received a revolving credit facility of up to $100 million, which it can tap at any time through Nov. 14, 2011. Participating financial institutions include Wells Fargo Bank; Swing Line Lender and other institutions.
The agreement includes a number of restrictions regarding ValueClick’s ability to incur additional debt; pay dividends on capital stock; make investments and acquisitions; sell assets; or consolidate or merge, among others. These restrictions do not necessarily prohibit any or all of these activities.
According to ValueClick, the credit is available for working capital needs and other general corporate purposes, including acquisitions and/or stock repurchases.
