Angie’s List Receives $30M Debt Financing
Angie’s List, Inc., an Indianapolis-based provider of consumer-focused information and reviews, has received a combined $30m senior secured debt facility.
The facility consists of a non-amortizing term loan from ORIX Venture Finance and a creatively structured revolving line of credit from Bridge Bank, N.A..
The proceeds were used to refinance existing debt and provide working capital.
Established in 2005, and led by co-founder and CEO William S. Oesterle, CMO Angie Hicks and CFO Robert R. Millard, Angie’s List collects consumer reviews on local contractors and doctors in more than 550 service categories.
29/08/2011: Angie’s List Files for $75M IPO
21/09/2010: Angie’s List Closes $22.5M Equity Financing Round
11/11/2010: Angie’s List Raises $2.5M in Financing