Digital Turbine increases revolving line of credit to $525 million

By Wendy Van Sickle

Columbus, Ohio, Jan. 3 – Digital Turbine, Inc. entered into an amendment to its amended and restated credit agreement on Dec. 29 with Bank of America, NA as a lender and administrative agent to increase the revolving line of credit by $125 million to $525 million, according to an 8-K filing with the Securities and Exchange Commission.

The revolver matures on April 29, 2026.

Wholly owned subsidiary Digital Turbine Media, Inc. and Digital Turbine USA, Inc. are additional co-borrowers under the credit agreement, and Mobile Posse, Inc. is a guarantor.

BofA Securities, Inc., Wells Fargo Securities, LLC and PNC Capital Markets LLC are the lead arrangers and bookrunners. BofA Securities, Wells Fargo Securities, LLC and PNC Bank, NA are syndication agents. Capital One, NA and JPMorgan Chase Bank, NA are co-documentation agents.

Digital Turbine is a software company based in Austin, Tex.

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