June 12, 2017

Charleston-based Blackbaud Says Expanded Financing Deal Will Give it Room to Grow

Thad Moore  /  The Post and Courier

Blackbaud Inc. says it's locked down the ability to borrow more money, saying it had "outgrown" its previous financing arrangement.

The Daniel Island-based developer of software for the nonprofit industry will now have access to $700 million through 2022, expanding past its existing credit deal and extending its term. The company, a stalwart of Charleston's technology sector, could also expand its financing deal by another $200 million under certain conditions. Read more HERE.