Buzzfeed, inc. secures $40 million loan

New york--(business wire)--buzzfeed, inc. (“buzzfeed” or the “company”) (nasdaq: bzfd) today announced it has entered into a new $40 million term loan provided by sound point agency llc. the agreement will offer buzzfeed increased financial flexibility to support its business operations, simplify its capital structure, and invest in strategic initiatives. buzzfeed intends to use a portion of the proceeds to repay, in full, its outstanding convertible notes. once that redemption process is compl.
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