Digital Turbine $400 million revolving credit facility
Davis Polk advised the agent, lead arrangers and bookrunners in connection with a $400 million five-year revolving credit facility for Digital Turbine, Inc. and certain of its subsidiaries. The facility will be used to fund the acquisitions of AdColony Holdings AS and for general corporate purposes.
Headquartered in Austin, Texas, Digital Turbine is mobile technology company that provides content management software and other advertising-focused services to its global partners.
AdColony Holding AS is a mobile advertising and marketing platform with more than 1.5 billion users globally. AdColony is known for its proprietary video technologies and rich media formats, as well as for its delivery of third-party verified viability rates for global brands.
The Davis Polk finance team included partner Jeong M. Lee and associate Brittany Taylor. Counsel Kiara L. Rankin and associate Shay Moyal provided tax advice. Partner Adam Kaminsky provided ERISA advice. Counsel Will Schisa and associate Kendall Howell provided sanctions advice. Partner Pritesh P. Shah and associate Hilary Smith provided intellectual property advice. Associate Nicholas Soilleux provided real estate advice. Members of the Davis Polk team are based in the New York and Washington DC offices.