Consumer security software giant AVG Technologies, today announced it has secured $235 million in new credit financing through a syndicate arranged by J.P Morgan and Morgan Stanley.
Representing its first-ever capital markets transaction, the $235 million secured, five-year term loan will provide the company with resources to realize strategic growth opportunities, as well as paying a dividend to its shareholders.
“The potential and growth opportunities for our business are extraordinary, and we are delighted that the market has recognized that potential with this new credit facility led by two of the most respected global institutions, J.P. Morgan and Morgan Stanley,” said J.R. Smith, Chief Executive Officer at AVG. “This financing further strengthens AVG’s market position, provides additional financial flexibility, and enhances our ability to execute our strategic plans.”
