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JPMorgan Chase Leads Financing in Support of WeCommerce Acquisition of Stamped
Friday, March 5, 2021

Lenders/Participants JPMorgan Chase Bank [Lead Lender]
Structure Senior Secured Credit Facility
Amount $77.000 Million
Borrower(s) WeCommerce
Description Aggregate $77 million credit facility expected to consist of a revolving credit facility, term loan facility and delayed draw term loan facility. Company plans to use the proceeds of the credit facility to finance the working capital needs and for general corporate purposes of the company and its subsidiaries in the ordinary course of business, as well as to finance future acquisitions and repay existing indebtedness. The commitments of the lenders are subject to the execution of mutually acceptable credit documentation giving effect to the terms provided in the commitment documents between the company and the lenders and the satisfaction of the other customary conditions to closing, including the satisfaction of all conditions to the completion of the acquisition.
Industry Specialty Industries
Related Tags JPMorgan Chase Bank

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