HostPapa, a Canadian company that helps businesses create and manage their online presence, just hit a big milestone. Jamie Opalchuk, Founder and CEO of HostPapa, proudly shared the news – they have secured $130 million in new financing, led by the Bank of Montreal along with several other major banks, including TD Bank, Royal Bank of Canada, Citibank, and the Business Development Bank of Canada.

But what does this really mean? In simple terms, HostPapa took out a large loan from these banks. This isn’t just any loan – it’s a deal designed for companies that are doing well and looking to grow even more. It gives HostPapa a lot of cash now, plus the option to get even more money later if they need it.

Bron: https://www.hostpapa.com/about-hostp...edit-facility/