Oversee.net Establishes New $60 Million Credit Facility
Oversee.net [the parent company of DomainSponsor] [...] today announced that it has established a $60 million, five-year, secured revolving credit facility. The credit facility was arranged and managed by Banc of America Securities LLC. Bank of America, N.A. will serve as administrative agent. A syndicate of lenders and financial institutions is participating in the facility with Bank of America, including Comerica Bank, California Bank and Trust and Silicon Valley Bank.
[...] DomainSponsor brings us an industry event and a customer user track at the same time. Their line-up of speakers and sponsors (including the Bank of America, which helped establish a $60 million credit facility for Oversee.net, DomainSponsor’s parent company) for the event looks awesome and silenced critics of the September 2006 DomainFest LA, where some companies said they were refused as attendees. The event even features TechCrunch’s Michael Arrington (who founded Pool.com) and a FASTPitch where you can pitch your idea to Michael. Amongst others, Brett Fausett also is a very good addition to the list of speakers - especially since Domainers should also be concerned about ICANN politics. [...]
Which companies were refused as attendees of Domainfest? I missed that one.
Leonard,
Some people were saying that they weren’t allowed access to the DomainFestLA in September since they were competitors. In the end everybody calmed down, but it was an emotional time in general for some.
/Frank