Skip to main content
  • Toolset
  • Solutions
  • About DMS
  • Case Studies
  • Contact Us

Connect With Your Audience At Scale

    • Acquire New Customers
    • Generate More Inquiries
    • Grow My Email Database
    • Grow My Website Traffic
    • Monetize My Audience
    • Re-Engage Consumers
    • Contact DMS
    • See The DMS Live Schedule
    • Be Inspired
    • How To / Best Practices
    • What Is...?
    • DMS Reports & More
    • Contact DMS
    • As Seen In...
    • Press Releases
    • Contact DMS
    • Enjoying The Journey
    • Work/Life Harmony
    • DMS Team
    • Contact DMS
    • Events
    • DMS Case Studies
    • Careers @ DMS
    • DMS Toolset
    • DMS Solutions
    • DMS Overview
    • DMS Investor Info
    • Contact DMS

Recent Searches

    Share this Post

    • Share on facebook
    • Share on twitter
    • Share on linkedin
    • Share on email
    1. Home
    2. DMS Newsroom Content
    3. Digital Media Solutions Announces New $275 Million Senior Secured Credit Facility

    Digital Media Solutions Announces New $275 Million Senior Secured Credit Facility

    Published Date May 26, 2021
    Author Digital Media Solutions

    CLEARWATER, Fla.–(BUSINESS WIRE)– Digital Media Solutions, Inc. (NYSE: DMS), a leading provider of technology-enabled digital performance advertising solutions connecting consumers and advertisers, today announced that its operating subsidiary, Digital Media Solutions, LLC, has entered into a new $275 million five-year senior secured credit facility, which consists of term loans in an aggregate principal amount of $225 million and a $50 million revolving credit facility.

    Proceeds from the term loans were used to repay and terminate the previous $220 million senior secured credit facility, which consisted of term loans in an aggregate principal amount of $205 million and a $15 million revolving credit facility. At closing, the new revolver was undrawn.

    In conjunction with the $275 million refinancing transaction, S&P Global Ratings assigned a ‘B’ Issuer Credit Rating and Moody’s Investors Service assigned a ‘B2’ Corporate Family Rating to Digital Media Solutions, LLC.

    The new credit facility provides increased borrowing capacity, a new five-year tenor and lower amortization, along with greater strategic and operational flexibility. The revolving facility can be used to finance working capital needs, permitted acquisitions and investment, capital expenditures, and general corporate purposes.

    “This new credit facility, with its increased capacity and extended maturity, is another important step in the financial transformation of Digital Media Solutions,” said Joe Marinucci, Digital Media Solutions Chief Executive Officer. “It provides us with increased financial flexibility to support our key growth initiatives.”

    The new credit facility is governed by a maximum net leverage covenant of 5.00x, with a step down to 4.50x over time. Truist Securities, Inc. and Fifth Third Bank, National Association, acted as Joint Lead Arrangers and Joint Bookrunners for the financing. Truist Bank also serves as the Administrative Agent, Collateral Agent, a Lender and an Issuing Bank.

    Safe Harbor Statement

    This press release includes “forward-looking statements'' within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. DMS’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. These forward statements are often identified by words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions. These forward-looking statements include, without limitation, DMS’s expectations with respect to its future performance and its ability to implement its strategy, and are based on the beliefs and expectations of our management team from the information available at the time such statements are made. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside DMS’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the COVID-19 pandemic or other public health crises; (2) changes in client demand for our services and our ability to adapt to such changes; (3) the entry of new competitors in the market; (4) the ability to maintain and attract consumers and advertisers in the face of changing economic or competitive conditions; (5) the ability to maintain, grow and protect the data DMS obtains from consumers and advertisers; (6) the performance of DMS’s technology infrastructure; (7) the ability to protect DMS’s intellectual property rights; (8) the ability to successfully source and complete acquisitions and to integrate the operations of companies DMS acquires; (9) the ability to improve and maintain adequate internal controls over financial and management systems, and remediate the identified material weakness; (10) changes in applicable laws or regulations and the ability to maintain compliance; (11) our substantial levels of indebtedness; (12) volatility in the trading price on NYSE of our common stock and warrants; (13) fluctuations in value of our private placement warrants; and (14) other risks and uncertainties indicated from time to time in DMS’s filings with the SEC, including those under “Risk Factors'' in DMS’s Annual Report on Form 10-K and its subsequent filings with the SEC. There may be additional risks that we consider immaterial or which are unknown, and it is not possible to predict or identify all such risks. DMS cautions that the foregoing list of factors is not exclusive. DMS cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. DMS does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

    About Digital Media Solutions

    Digital Media Solutions, Inc. (NYSE: DMS) is a leading provider of technology-enabled digital performance advertising solutions connecting consumers and advertisers within auto, home, health and life insurance plus a long list of top consumer verticals. The DMS first-party data asset, proprietary advertising technology, significant proprietary media distribution and data-driven processes help digital advertising clients de-risk their advertising spend while scaling their customer bases. Learn more at https://digitalmediasolutions.com.

    Media Contact:
    Melissa Ledesma
    (201) 528-5272
    mledesma@dmsgroup.com

    General Inquiries: 
    press@dmsgroup.com

     

     

    Source: Digital Media Solutions, Inc.

    About the Author

    Digital Media Solutions, Inc. (NYSE: DMS) is a leading provider of technology-enabled digital performance advertising solutions connecting consumers and advertisers within auto, home, health and life insurance plus a long list of top consumer verticals. The DMS first-party data asset, proprietary advertising technology, significant proprietary media distribution and data-driven processes help digital advertising clients de-risk their advertising spend while scaling their customer bases. Learn more at https://digitalmediasolutions.com.

    Profile Photo of Digital Media Solutions
    Follow on Twitter Follow on Linkedin Visit Website More Content by Digital Media Solutions
    • Previous Article

      Digital Media Solutions Set To Join Russell 3000® Index

      Digital Media Solutions Set To Join Russell 3000® Index

      Digital Media Solutions has been selected to join the broad-market Russell 3000® Index at the conclusion of the 2021 Russell indexes annual reconstitution.

    • Next Article

      Digital Media Solutions To Participate In Upcoming Virtual Investor Conferences

      Digital Media Solutions To Participate In Upcoming Virtual Investor Conferences

      Digital Media Solutions to participate in Craig-Hallum’s, Stifel’s, and Canaccord’s upcoming virtual investor conferences.

    Most Recent Articles

    • Jared Klein, DMS VP of Advertiser Partnerships, In mThink: Top 4 Best Practices For Consumer Finance Campaigns
      8 days ago

      Jared Klein, DMS VP of Advertiser Partnerships, In mThink: Top 4 Best Practices For Consumer Finance Campaigns

      In the thought leadership piece, Klein outlines four top best practices for consumer finance campaigns.

      Read Article

    • DMS Secures #1 Spot As Top CPA Network for Affiliates & Publishers 2023
      13 days ago

      DMS Secures #1 Spot As Top CPA Network for Affiliates & Publishers 2023

      DMS announced its No. 1 spot on the mThink “Top CPA Networks for Affiliates & Publishers List” 2023.

      Read Article

    • Digital Media Solutions, Inc. Announces Q3 2022 Financial Results
      3 months ago

      Digital Media Solutions, Inc. Announces Q3 2022 Financial Results

      DMS announces Q3 2022 financial results.

      Read Article

    • Scott Vogel, DMS VP Of Health Insurance, In mThink: 3 Strategies To Optimize Your OEP/AEP Campaign Strategy
      5 months ago

      Scott Vogel, DMS VP Of Health Insurance, In mThink: 3 Strategies To Optimize Your OEP/AEP Campaign Strategy

      The mThink website featured an article authored by DMS Vice President of Health Insurance Scott Vogel, titled “3 Strategies To Optimize Your OEP/AEP Campaign Strategy.”

      Read Article

    • DMS Receives Non-Binding “Go Private” Proposal
      5 months ago

      DMS Receives Non-Binding “Go Private” Proposal

      DMS today announced that its board of directors has received an offer from Prism Data, LLC.

      Read Article

    • DMS Announces Q2 2022 Financial Results
      5 months ago

      DMS Announces Q2 2022 Financial Results

      DMS announces Q2 2022 financial results.

      Read Article

    • DMS and Seekr Announce New Strategic Partnership
      5 months ago

      DMS and Seekr Announce New Strategic Partnership

      Seekr will leverage the power of the DMS toolset to maximize advertising results and scale its global user reach.

      Read Article

    • DMS Announces Second-Quarter Fiscal 2022 Earnings Release Date, Conference Call And Webcast
      5 months ago

      DMS Announces Second-Quarter Fiscal 2022 Earnings Release Date, Conference Call And Webcast

      DMS will release its second-quarter results after the U.S. stock market closes on Tuesday, August 9, 2022 and will hold a conference call to discuss results at 5:00 p.m. (Eastern Time) that day.

      Read Article

    • Digital Media Solutions to Participate in Upcoming Canaccord Genuity 42nd Annual Growth Conference Next Month
      5 months ago

      Digital Media Solutions to Participate in Upcoming Canaccord Genuity 42nd Annual Growth Conference Next Month

      DMS will present at the Canaccord Genuity 42nd Annual Growth Conference at the InterContinental Boston located in Boston, Massachusetts on Thursday, August 11 at 10:00 am ET.

      Read Article

    • DMS Announces CFO Transition
      5 months ago

      DMS Announces CFO Transition

      Company Names Financial Leader Richard Rodick As Chief Financial Officer

      Read Article

    • DMS Names Insurance Industry Leader Billy Hubbard SVP Of Strategic Accounts
      5 months ago

      DMS Names Insurance Industry Leader Billy Hubbard SVP Of Strategic Accounts

      DMS announced that insurance marketing leader Billy Hubbard has been named Senior Vice President of Strategic Accounts.

      Read Article

    • DMS Announces the Acquisition of Traverse Data, Inc. & Enhancements to Its Data Program & Technology Stack
      5 months ago

      DMS Announces the Acquisition of Traverse Data, Inc. & Enhancements to Its Data Program & Technology Stack

      Digital Media Solutions announces the acquisition of Traverse Data, Inc. & enhancements to its data program & technology stack.

      Read Article

    • DMS Announces Q1 2022 Financial Results and Enhances Technology Stack and Data Asset
      5 months ago

      DMS Announces Q1 2022 Financial Results and Enhances Technology Stack and Data Asset

      DMS announces Q1 2022 financial results.

      Read Article

    • Jason Rudolph Talks Audience Intelligence In PerformanceIn
      10 months ago

      Jason Rudolph Talks Audience Intelligence In PerformanceIn

      PerformanceIN published an executive thought leadership piece by DMS CTO, Jason “JR” Rudolph titled, “How Audience Intelligence and Data-Driven Marketing Drives Superior Results.”

      Read Article

    • DMS Announces Unique Publisher Contest & The Chance To Win The Trip Of A Lifetime
      5 months ago

      DMS Announces Unique Publisher Contest & The Chance To Win The Trip Of A Lifetime

      The Carpe Oportunidad contest began on April 7 and will award four DMS publishers with trips to Barcelona, Spain and tickets to Affiliate World Europe.

      Read Article

    • Rob Camhe Talks Power Of Performance Marketing With PerformanceIN
      10 months ago

      Rob Camhe Talks Power Of Performance Marketing With PerformanceIN

      PerformanceIN published an executive thought leadership piece by Rob Camhe, DMS SVP of Strategic Partnerships, titled “Generating High-Quality, High-Converting Leads with Performance Marketing.”

      Read Article

    • DMS Announces First-Quarter Fiscal 2022 Earnings Release Date, Conference Call And Webcast
      5 months ago

      DMS Announces First-Quarter Fiscal 2022 Earnings Release Date, Conference Call And Webcast

      DMS will release its first-quarter results after the U.S. stock market closes on Tuesday, May 10, 2022 and will hold a conference call to discuss results at 5:00 p.m. (Eastern Time) that day.

      Read Article

    • DMS Announces Participation In Noble Capital Markets' 18th Annual Investor Conference
      5 months ago

      DMS Announces Participation In Noble Capital Markets' 18th Annual Investor Conference

      DMS announced that the company will present at the Noble Capital Markets' Eighteenth Annual Investor Conference at the Hard Rock Hotel & Casino located in Hollywood, Florida on Thursday, April 21.

      Read Article

    • DMS Leaders Spotlight The Impact Of A Diverse Workforce At LeadsCon 2022
      5 months ago

      DMS Leaders Spotlight The Impact Of A Diverse Workforce At LeadsCon 2022

      Kathy Bryan & Gaby Henriquez will share how empathy helps marketers boost LTV for campaigns during an insightful thought leadership session.

      Read Article

    • Digital Media Solutions, Inc. Announces Q4 and Full Year 2021 Financial Results
      5 months ago

      Digital Media Solutions, Inc. Announces Q4 and Full Year 2021 Financial Results

      DMS announces Q4 and full year 2021 financial results.

      Read Article

    Return to Home
    DMS Logo

    Tech-Enabled, Data-Based Performance Advertising

    facebook icon twitter icon linkedin icon instagram icon

    © 2021 Digital Media Solutions, LLC. All Rights Reserved. Digital Media Solutions and its logos are trademarks or registered trademarks of Digital Media Solutions, LLC. All other company and product names referenced herein are the property of their respective owners.

    Digital Performance Advertising

    linkedin icon
    facebook icon
    twitter icon
    instagram icon

    Subscribe To News From DMS


    About DMS
    Toolset Solutions DMS Insurance DMS Performance Ad Market DMS Ecommerce Advertising DMS Consumer Finance DMS Education DMS Managed Services DMS Nonprofit Advertising DMS Subscription Advertising Newsroom DMS Insights Investor Info
    Contact Us
    (877) 236-8632 connect@DMSgroup.com Careers Become A DMS Advertiser Become A DMS Publisher
    DMS Proprietary Technology
    Aimtell Sparkroom ZipQuote
    Logins
    Aimtell Login DMS Exchange Login DMS Performance Ad Market Publisher Login Sparkroom Login ZipQuote Agent Login
    Privacy & Terms
    Privacy Policy Terms and Conditions Code of Conduct

    © 2022 Digital Media Solutions®, Inc. All Rights Reserved. Digital Media Solutions and its logos are trademarks or registered trademarks of Digital Media Solutions, Inc. All other company and product names referenced herein are the property of their respective owners.