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AppFolio to repay all borrowings under Wells Fargo credit facility
By Taylor Fox
New York, Sept. 8 – AppFolio, Inc. intends to repay and terminate all borrowings under its credit facility with Wells Fargo Bank, NA, according to an 8-K filing with the Securities and Exchange Commission.
The repayment will be funded using proceeds from its $193 million stock purchase agreement with Mockingbird AcquisitionsCo. Inc.
The Goleta, Calif., company develops cloud-based software.
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