RhythmOne PLC Secures line of credit with Silicon Valley Bank (9962V)
November 09 2017 - 1:01AM
UK Regulatory
TIDMRTHM
RNS Number : 9962V
RhythmOne PLC
09 November 2017
RHYTHMONE PLC
RHYTHMONE PLC SECURES MULTI-MILLION DOLLAR LINE OF CREDIT WITH
SILICON VALLEY BANK
London, England and San Francisco, CA - 9 November 2017 -
RhythmOne plc (LSE AIM: RTHM, "Company"), a global advertising
technology company, today announces that it has closed a senior
revolving credit facility with Silicon Valley Bank ("SVB") that
will provide RhythmOne with up to $25 million of capital at close.
The funds are designed to provide cash resources to support future
strategic initiatives and general corporate purposes.
About RhythmOne
RhythmOne provides streamlined, transparent connections between
advertisers and audiences through a combination of differentiated
supply, innovative technology and data-driven insights. Founded in
2004 in the UK, the Company pioneered Internet video search and
works with digital advertisers, publishers and content providers to
offer fully integrated, cross-screen solutions that span desktop
and mobile video, rich media, display, social and native
advertising. Through its fully integrated programmatic platform,
RhythmMax, the Company represents digital advertising inventory
across owned, controlled and extended supply sources. The RhythmMax
platform includes unique brand safety technology, RhythmGuard,
which combines leading third-party verification and proprietary
filtering technologies to ensure inventory quality in brand safe
environments. RhythmOne's end-to-end platform provides more direct,
efficient and effective connections, driving ROI for advertisers
and publishers. The Company is headquartered in San Francisco,
United States with offices in the US, UK, Europe, APAC and Canada.
For more information, please visit www.rhythmone.com.
About Silicon Valley Bank
For more than 30 years, Silicon Valley Bank (SVB) has helped
innovative companies and their investors move bold ideas forward,
fast. SVB provides targeted financial services and expertise
through its offices in innovation centers around the world. With
commercial, international and private banking services, SVB helps
address the unique needs of innovators. Learn more at svb.com.
For further information, please contact:
Analyst and Investor Contact
Dan Slivjanovski
RhythmOne plc
Financial Media Contacts
Edward Bridges / Dwight Burden
FTI Consulting LLP
(UK) 020 3727 1000
Nomad and Broker for RhythmOne
Nick Westlake (Nomad) / Lorna Tilbian / Toby Adcock
Numis Securities Limited
(UK) 020 7260 1000
This information is provided by RNS
The company news service from the London Stock Exchange
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