|By PR Newswire||
|September 3, 2014 05:25 AM EDT||
AMSTERDAM and SAN FRANCISCO, Sept. 3, 2014 /PRNewswire/ -- AVG Technologies N.V. (NYSE: AVG), the online security company with 182 million active users, today announced that it has entered into a commitment letter with Morgan Stanley Senior Funding, Inc., HSBC Securities (USA) Inc., HSBC Bank Plc and HSBC Bank USA, N.A. for senior secured credit facilities in the amount of up to USD 300 million. The facilities will consist of a Term Loan B (the Term Loan) in the amount of up to USD 250 million and a Revolving Credit Facility (the RCF) in the amount of up to USD 50 million. The tenor of the Term Loan is 6 years and the tenor of the RCF is 5 years. The facilities will primarily be used for the acquisition of Location Labs, as well as other general corporate purposes, including future potential acquisitions.
AVG is the online security company providing leading software and services to secure devices, data and people. AVG has 182 million active users as of June 30, 2014, using AVG's products and services including Internet security, performance optimization, and personal privacy and identity protection. By choosing AVG's products, users become part of a trusted global community that engages directly with AVG to provide feedback and offer mutual support to other customers.
All trademarks are the property of their respective owners.
SOURCE AVG Technologies N.V.
Sep. 26, 2016 08:15 AM EDT Reads: 2,534
Sep. 26, 2016 08:15 AM EDT Reads: 1,541
Sep. 26, 2016 08:15 AM EDT Reads: 2,360
Sep. 26, 2016 07:15 AM EDT Reads: 1,879
Sep. 26, 2016 07:15 AM EDT Reads: 1,596
Sep. 26, 2016 07:00 AM EDT Reads: 2,646
Sep. 26, 2016 06:45 AM EDT Reads: 1,952
Sep. 26, 2016 06:45 AM EDT Reads: 1,074
Sep. 26, 2016 06:30 AM EDT Reads: 2,413
Sep. 26, 2016 06:30 AM EDT Reads: 1,569
Sep. 26, 2016 06:15 AM EDT Reads: 1,651
Sep. 26, 2016 04:30 AM EDT Reads: 1,060
Sep. 26, 2016 04:30 AM EDT Reads: 1,417
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Sep. 26, 2016 03:15 AM EDT Reads: 1,092
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Sep. 26, 2016 03:00 AM EDT Reads: 1,770