Viant bumps up revolver to $75 million, extends maturity five years

By Mary-Katherine Stinson

Lexington, Ky., April 6 - Viant Technology Inc. and certain subsidiaries entered a sixth amendment on April 4 to its revolving credit and security agreement and guaranty to increase the revolving commitments to $75 million and extend the maturity five years, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also transitions the loans to SOFR from Libor.

The loans under the agreement will bear interest at SOFR plus 200 basis points, subject to an increase to 225 bps based on the average undrawn availability.

The facility fee is 37.5 bps.

The amendment amended the company’s loan agreement dated Oct. 31, 2019.

PNC Bank, NA is the agent for the lenders.

The company stated in the filing it estimates as of March 31 its total cash and cash equivalents was $201.7 million. There was no outstanding principal under the loan agreement.

Viant is an Irvine, Calif.-based advertising technology company.

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