Business
AcuityAds Extends the Maturity Date of its Term Loan
AcuityAds Extends the Maturity Date of its Term Loan Canada NewsWire TORONTO and...
About this update from Illumin Holdings Inc.
[{"type":"text","content":"\n\n\n\nAcuityAds Extends the Maturity Date of its Term Loan\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO and NEW YORK, April 4, 2019\n\n\n\nTORONTO and NEW YORK, April 4, 2019 /CNW/ - AcuityAds Holdings Inc. (TSXV:AT) (\"AcuityAds\" or \"Company\"), a technology leader that provides targeted digital media solutions enabling advertisers to connect intelligently with audiences across digital advertising campaigns, is pleased to announce that it has entered into an amending agreement to its credit agreement dated June 15, 2018 whereby the maturity date of the term loan has been extended from June 15, 2020 to June 15, 2021. The remaining principal amount outstanding under the credit agreement is approximately $6 million.\nIn addition, the Company issued 625,000 options to officers and executives of the Company in lieu of 2018 cash bonuses as well as issued 140,000 options to independent directors as their 2019 total compensation.\nAbout AcuityAds: \nAcuityAds is a leading technology company that provides marketers a powerful and holistic solution for digital advertising across all ad formats and screens to amplify reach and Share of Attention® throughout the customer journey.  Via its unique, data-driven insights, real-time analytics and industry-leading activation platform based on proprietary Artificial Intelligence technology, AcuityAds leverages an integrated ecosystem of partners for data, inventory, brand safety and fraud prevention, offering unparalleled, trusted solutions that the most demanding marketers require to be successful in the digital era.\nAcuityAds is headquartered in Toronto with offices throughout the U.S., Europe and Latin America.  For more information, visit AcuityAds.com.\nDisclaimer in regards to Forward-looking Statements\nCertain statements included herein constitute \"forward-looking statements\" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reas...