Thursday, October 20, 2011

ORIX Provides $30M In Debt To Angie's List

Palo Alto-based venture debt provider ORIX Venture Finance said this week that it has provided a combined $30M senior secured debt facility to Angie's List. ORIX said the facility included a non-amortizing term loan plus a revolving line of credit from Bridge Bank. Angie's List will use the funds for working capital and to refinance existing debt.