Thursday, January 18, 2007
Oversee.net Gets $60M Credit Line
Los Angeles-based Oversee.net announced this morning that it has established a $60M, five-year, secured revolving credit facility from Bank of America Securities LLC, in a syndicate of lenders that includes Bank of America, Comerica Bank, California Bank and Trust, and Silicon Valley Bank. Oversee said it will use the line of credit to suppor the firm's aggressive growth plans, including acquisition, working capital, and general corporate purposes. Oversee operates a wide range of business, including the acquisition of domain names, lead generation, and advertising businesses.