Wednesday, May 11, 2016

The Trade Desk Raises $125M In Credit Facility

Ventura, California-based The Trade Desk, the advertising technology developer led by Jeff Green, has raised $125M in a credit facility, according to the company. The revolving credit facility was led by Citibank N.A., and also included US Bancorp, East west Bancorp, and City National Bank. The companysaid that it will use the new funding for global expansion initiatives and for working capital. The new debt funding comes on top of $60M in equity raised from Wellington Management Company earlier this year.

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