InfoSpace (NASDAQ:INSP) announced today that it has secured a 0 million credit facility. The facility is available for general corporate purposes, including acquisitions. Amegy Bank serves as the agent for the lenders and Bank of America and Woodforest National Bank will also participate in the facility. The credit facility, which matures on Sept. 15, 2015, is subject to various covenants that are customary for facilities of this nature. InfoSpace (NASDAQ:INSP) has a potential upside of 26.4% based on a current price of .81 and an average consensus analyst price target of .4.
Video Rating: 0 / 5