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.



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