Wednesday, August 9, 2017

Donuts Raises $110M In Debt Funding

Kirkland-based global top level domain (gTLD) registrar Donuts has raised $110M in a credit facility, from Silicon Valley Bank, along with Cadence Bank, N.A., Comerica Bank, Pacific Western Bank, and Umpqua Bank, the company announced late Wednesday. According to Donuts, it will use the new line of credit for its merger with Rightside Group, as well as for general corporate purposes. Rates and terms of the credit facility were not announced. Donuts and Rightside announced that Donuts would buy Rightside in early June.