Wednesday, April 1, 2015
YapStone Gets $60M In Debt Funding
YapStone, which develops web and mobile payment technology, and also maintains an office at ROC in Santa Monica, has closed on $60M in debt financing, the company said this week. The funding was split between $40M in a senior credit facility from Comerica Bank, and $20M in subordinated debt from Bregal Sagemount. Terms on the two debt facilities were not announced. YapStone provides its electronic payment technology for such companies as HomeAway and VRBO. The company's main headquarters are in Walnut Creek.