Digital Trends, a Portland-based consumer technology publisher, obtained a $10m secured line of credit from JPMorgan Chase.
This line of credit, which refinances and replaces a $4.5illion line of credit previously provided by a different bank, is available through September 2018, subject to certain conditions. It allows Digital Trends to utilize the entire $10 million immediately to expand its business through advances in digital media in the first half of 2017.
Led by Ian Bell, CEO, and Nathan Bell, SVP of Operations, Digital Trends is a consumer technology publisher featuring product reviews, entertaining news and videos, serving more than 26 million unique visitors each month. It has reached over 26M unique visitors in August and over 274M page views in the last three months. Syndicate partners include Yahoo!, FOX News and more than 200 broadcast news stations.
The company also has offices in New York City, San Francisco, Los Angeles, Detroit, and Chicago.