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Bird reportedly secures $450 million in debt financing from seven banks

Tech Funding News reports that JPMorgan led the financing, which comprises a $400 million term loan and a $50 million revolving credit facility.

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1 Source, 8d ago, first seen 8d ago

TLDR

Tech Funding News reports that seven banks backed Bird’s $450 million debt raise. JPMorgan led the financing alongside Capital One and Citi, with Silicon Valley Bank, Mitsubishi UFJ Financial Group (MUFG), Flagstar Bank and Huntington National Bank rounding out the lender group. The package comprises a $400 million term loan and a $50 million revolving credit facility.

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1 Source, first seen 8d ago

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1 Source

@TFNBreakingNews📌 Bird has convinced seven banks to hand it $450 million.https://techfundingnews.com/j-p-morgan-capital-one-and-citi-back-birds-450m-debt-raise-as-it-chases-the-ai-agent-economy The debt financing, led by @jpmorgan alongside @CapitalOne and @Citi, comprises a $400 million term loan and a $50 million revolving credit facility. @SiliconVlyBank, Mitsubishi UFJ Financial Group, Inc. (MUFG), Flagstar Bank and Huntington National Bank round out the lender syndicate. #eutech #netherlands #financing #investment #innovation #technology8d
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    @TFNBreakingNews📌 Bird has convinced seven banks to hand it $450 million.https://techfundingnews.com/j-p-morgan-capital-one-and-citi-back-birds-450m-debt-raise-as-it-chases-the-ai-agent-economy The debt financing, led by @jpmorgan alongside @CapitalOne and @Citi, comprises a $400 million term loan and a $50 million revolving credit facility. @SiliconVlyBank, Mitsubishi UFJ Financial Group, Inc. (MUFG), Flagstar Bank and Huntington National Bank round out the lender syndicate. #eutech #netherlands #financing #investment #innovation #technology8d
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