DG FastChannel to repay some bank debt with common stock proceeds

By Sara Rosenberg

New York, June 2 - DG FastChannel Inc. plans on repaying borrowings under its credit facility using proceeds from a common stock offering, according to a 424B5 filed with the Securities and Exchange Commission on Tuesday.

Remaining proceeds will be used for potential future business acquisitions and for working capital and general corporate purposes.

DG FastChannel is an Irving, Texas-based provider of digital technology services.

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