Donuts Inc., a Kirkland, Wash.-based global leader in top-level domains for promoting and enhancing digital identity, closed a $110m credit facility.
The debt financing was led by Silicon Valley Bank (a division of SVB Financial Group: Nasdaq: SIVB), with participation from Cadence Bank, N.A., Comerica Bank, Pacific Western Bank, and Umpqua Bank.
The company is using these funds to complete its $213 million merger with the Rightside Group, and for general corporate purposes.
Led by chief executive officer Bruce Jaffe, Donuts now offers 238 new high-quality, top-level domains, including .email, .guru, .social, .business, .life, .restaurant, and more. With recent investments in Netki and Geofrenzy, and the acquisition of the Rightside Group, Donuts is leveraging its industry expertise to identify and invest in emerging technologies that can enhance the domain name system (DNS), expand the company’s portfolio of top-level domains, or otherwise complement its business and growth strategy.
The company also has offices in Denver, CO; Washington, DC; Dublin, Ireland and Beijing, China.