MediaMath Holdings seeks approval to access cash collateral

By Sarah Lizee

Olympia, Wash., July 5 – MediaMath Holdings, Inc. is seeking approval to use cash collateral, according to a motion filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

The company has about $94.96 million of debt under a first-lien credit agreement with Goldman Sachs Specialty Lending Group, LP as administrative agent and collateral agent.

The company and its prepetition secured lenders have reached an agreement on the consensual use of cash collateral, MediaMath said.

The debtor said it believes the cash collateral will be sufficient to fund its operations and Chapter 11 costs without the need for debtor-in-possession financing.

The New York-based company develops digital advertising media and data management technology solutions for advertisers. The Chapter 11 case number is 23-10882.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.