Blackboard Inc. (BBBB) Expands Credit Facility to $225 Million
Tweet
Share
E-mailGet Alerts BBBB Hot Sheet
Join SI Premium – FREE
Blackboard Inc. (NASDAQ: BBBB) has signed an amendment to its credit facility to allow for borrowings of up to $225 million. The company notes that the proceeds from the expanded facility will be used for general corporate purposes which may include share purchases or repayment of other debt and acquisitions.
"The expansion of our credit facility to $225 million allows Blackboard to maintain maximum financial flexibility as it relates to our capital structure," said John Kinzer, Blackboard's chief financial officer.
"The expansion of our credit facility to $225 million allows Blackboard to maintain maximum financial flexibility as it relates to our capital structure," said John Kinzer, Blackboard's chief financial officer.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Getty Realty discloses separation terms for departing accounting officer
- Royal Caribbean completes $1.25B senior unsecured notes offering
- Real and RE/MAX Holdings set Aug. 24 merger closing date
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
