Thursday, August 20, 2015

Intelius Gets Increase In Credit Facility

Seattle-based Intelius has scored a line of credit, in order to help the company with its acquisition of Classmates, according to lender Monroe Capital LLC. Monroe Capital said it had increased its credit facility to Intelius in order to support the recent acquisition deal. Size of the credit facility extension, and terms of that facility, were not announced. Intelius said it would acquired Classmates earlier this month, in a deal worth approximately $30M. Monroe Capital had supplied a credit facility as part of the acquisition of the company by H.I.G. Capital in July.