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SLR Credit Solutions Agents $50MM Senior Credit Facility for Fluent

May 02, 2024, 07:47 AM
Filed Under: Marketing

SLR Credit Solutions (“SLR CS”) closed a $50 million senior credit facility comprised of a revolver and term loan for Fluent, Inc., a leader in performance marketing, delivering customer acquisition and partner monetization solutions through its digital media portfolio, global commerce partnerships, and proprietary data and tech.

Proceeds from the transaction were used to refinance existing debt and to provide enhanced liquidity for general operations and growth.

“We are enthusiastic about the strategic and financial role that our performance marketplaces are playing in our long-term growth agenda.” said Don Patrick, CEO of Fluent. “The new credit facility from SLR CS will provide the necessary flexibility for our transformation and growth over the next 12 months and beyond.”

Tanner Phifer, Managing Director of SLR CS, added, “Fluent is a market leader and continues to make strategic investments as the sector evolves. We are excited to be the Company’s financial partner and to help support their key initiatives."

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