Perk Expands Credit Facility

Austin-based loyalty and engagement software provider Perk said this morning that it has expanded an existing line of credit the company has with Silicon Valley Bank. Perk said it has expanded the line from a maximum of $4.5 million, to $17.3 million. Perk said the additional funding from that debt facility will go toward funding its Orion EBITDA buyout. The financing was managed by Dax Williamson, managing director of Silicon Valley Bank in Austin.