Independent programmatic marketing company MediaMath has announced a new $175 million senior secured credit facility led by Goldman Sachs in partnership with Santander Bank.
MediaMath will use this new line of credit to refinance existing debt facilities and fund its ongoing growth objectives.
Akin Bay Company LLC, a New-York based investment bank, acted as the sole placement agent and debt adviser to MediaMath for the financing.
Joe Zawadzki, chairman and CEO of MediaMath, said: “We’re thrilled to work with Goldman Sachs and Santander, who are equally ambitious to support the growing scale of our business today, and motivated to support the needs of a reimagined and increasingly sophisticated supply chain in the future.”
The announcement comes after MediaMath recently opened up offices in South Korea, as well as appointing Yun Yip to head up operations in Australia and New Zealand.