6Sense Gets $100 Million Loan From Silicon Valley Bank

<p><strong style&equals;"font-size&colon; 1rem&semi;">SAN FRANCISCO<&sol;strong><span style&equals;"font-size&colon; 1rem&semi;"> – <&sol;span><a class&equals;"external" style&equals;"font-size&colon; 1rem&semi;" href&equals;"https&colon;&sol;&sol;6sense&period;com&sol;&quest;utm&lowbar;source&equals;Press-Release&amp&semi;utm&lowbar;medium&equals;Media&amp&semi;utm&lowbar;campaign&equals;7013g0000009bAb">6sense<&sol;a><span style&equals;"font-size&colon; 1rem&semi;">&comma; which operates a platform for B2B organizations to manage revenue&comma; has secured new debt financing totaling &dollar;100 million comprising a senior secured revolving credit facility from Silicon Valley Bank &lpar;SVB&rpar;&comma; a division of First Citizens Bank&period;<&sol;span><&sol;p>&NewLine;<p>6Sense says it had revenue growth in fiscal 2023 of 70&percnt; &period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Our relentless focus on execution of our bold vision&comma; operational excellence and proactive cash management enable us to outperform and position 6sense to remain resilient and deliver differentiated value to our customers&comma;” said Rob Goldenberg&comma; Chief Financial Officer&comma; 6sense&period; &OpenCurlyDoubleQuote;The global financial market direction is still fluid&comma; in turn financial institutions are applying scrutiny never seen before&period; Having met the rigor that is necessary to secure the terms we received&comma; we look forward to working again with SVB on this recent refinancing to fuel future innovation and expansion&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;SVB is excited to support 6sense as it continues to grow its market presence and remain a leader in delivering RevTech solutions&comma;” said Marc Cadieux&comma; President of Silicon Valley Bank’s commercial banking business&period; &OpenCurlyDoubleQuote;SVB Technology Corporate Banking remains committed to serving leading later stage private and public technology companies&comma; like 6sense&comma; as they continue to succeed and scale in today’s market&period; Our Bay Area based team has worked with 6sense for years and we look forward to continuing our relationship&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Our relentless focus on execution of our bold vision&comma; operational excellence and proactive cash management enable us to outperform and position 6sense to remain resilient and deliver differentiated value to our customers&comma;” said Rob Goldenberg&comma; Chief Financial Officer&comma; 6sense&period; &OpenCurlyDoubleQuote;The global financial market direction is still fluid&comma; in turn financial institutions are applying scrutiny never seen before&period; Having met the rigor that is necessary to secure the terms we received&comma; we look forward to working again with SVB on this recent refinancing to fuel future innovation and expansion&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;SVB is excited to support 6sense as it continues to grow its market presence and remain a leader in delivering RevTech solutions&comma;” said Marc Cadieux&comma; President of Silicon Valley Bank’s commercial banking business&period; &OpenCurlyDoubleQuote;SVB Technology Corporate Banking remains committed to serving leading later stage private and public technology companies&comma; like 6sense&comma; as they continue to succeed and scale in today’s market&period; Our Bay Area based team has worked with 6sense for years and we look forward to continuing our relationship&period;”<&sol;p>&NewLine;<p>The new SVB financing provides favorable terms&comma; reflects a more mature capital structure and further supports 6sense’s multi-pronged&comma; AI-forward organic and acquisitive growth strategy&period; 6sense and SVB replaced a prior outstanding term loan with this new debt agreement&period;<&sol;p>&NewLine;