BuzzFeed (BZFD) Secures $40 Million Loan

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Go back to BuzzFeed (BZFD) Secures $40 Million Loan

BuzzFeed, Inc. Secures $40 Million Loan

May 27, 2025 9:00 AM EDT

New Credit Agreement Enables BuzzFeed, Inc. to Eliminate Convertible Debt in Full and Purchase 4.7% of Its Class A Common Stock

NEW YORK--(BUSINESS WIRE)-- BuzzFeed, Inc. (BuzzFeed or the Company) (Nasdaq: BZFD) today announced it has entered into a new $40 million term loan provided by Sound Point Agency LLC. The agreement will offer BuzzFeed increased financial flexibility to support its business operations, simplify its capital structure, and invest in strategic initiatives.

BuzzFeed intends to use a portion of the proceeds to repay, in full, its outstanding convertible notes. Once that... More