Bynder used an SVB bridge loan to acquire Webdam and is refinancing
Chris Hall · 1518 Bynder Hits $48m ARR, Another Acquisition On The Way? · Sep 20, 2019 · at 9:32
Chris Hall is the CEO of Bynder. He explains the debt structure used to complete the Webdam acquisition quickly.
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“We worked we worked with SVB for a bridge loan and are now basically refinancing that.”
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More from Chris Hall
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“The more you start burning, it's really difficult to add a couple more percent. So it starts costing more.”
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“So we passed the twenty million as well this year. So we're a little over that.”
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“We are higher than that. But that's trending down again. It's, there's differences. We tend to look at also just a sort of a rolling average in that as well, because there's going to be peak months that is slightly out of whack. But yeah, it's around around 16…”