Domo Announces Two-Year Extension of Term Loan

Bruce Felt

Bruce Felt

SILICON SLOPES, UT – January 7, 2019Domo (Nasdaq: DOMO), provider of the leading cloud-based operating system for business, announced today that it has extended the maturity date of its $100 million term loan until October 2022, with no principal payments required until the new maturity date. Terms of the extension are consistent with the current facility. The term loan is held by funds managed by Tennenbaum Capital Partners, LLC (“TCP”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK).

Bruce Felt [pictured], Domo’s chief financial officer, said, “The extension of the term loan allows us more financial flexibility as we grow the business and continue our focus on becoming operating cash-flow positive. It is another important step in achieving our corporate objectives and we are pleased with this strong demonstration of support from TCP.” More...