Edgio (EGIO) Announces $66M in New Financing
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Edgio, Inc. Announces New Capital Infusion to Drive Growth Strategies
November 14, 2023 6:11 PM ESTReceives $66 Million and Exchanges 95% of its Existing 2025 Convertible Notes for New 2027 Convertible Notes
PHOENIX--(BUSINESS WIRE)-- Edgio, Inc. (NASDAQ: EGIO) (the Company), the platform of choice for speed, security, and simplicity at the edge, today announced that existing investor, Lynrock Lake Master Fund LP (Lynrock), has provided the Company with $66 million of new financing. Lynrock also exchanged its existing unsecured 3.5% convertible notes due 2025 for 3.5%/16% PIK secured convertible notes due 2027. Following these transactions, Edgio is in a stronger financial position, enabling the Company to build on the solid momentum underway and continue... More
