TechTarget gets bridge loan commitment for BrightTALK purchase

By Sara Rosenberg

New York, Dec. 10 – TechTarget Inc. has received a commitment for a bridge loan from JPMorgan Chase Bank to support its $150 million acquisition of BrightTALK, according to a news release.

The company is contemplating options for permanent financing to replace the bridge loan, which may include public or private offerings of equity or debt securities or facilities.

Other funds for the transaction will come from cash on hand.

Closing is expected by the end of the year, subject to the satisfaction of customary closing conditions.

TechTarget is a provider of purchase intent-driven marketing and sales services for enterprise technology companies. BrightTALK is a marketing platform for webinars and virtual events in the enterprise IT market.

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