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Bank of America Agents $500MM Revolver for DocuSign

January 12, 2021, 08:33 AM
Filed Under: Technology
Related: Bank of America

DocuSign, Inc. announced the closing of a new $500 million, five year senior secured revolving credit facility. The facility will be undrawn at closing and carries an accordion feature allowing for an additional $250 million of capacity, subject to customary terms and conditions.

"This transaction provides us with more flexibility on our balance sheet to deliver on our growth agenda. We are taking advantage of the favorable market environment to optimize our capital structure and strengthen our balance sheet," remarked Cynthia Gaylor, Chief Financial Officer of DocuSign.

Bank of America served as administrative agent and L/C issuer; BofA Securities, Inc. and Silicon Valley Bank acted as joint lead arrangers and joint bookrunners.

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