Perk lands $300M credit facility to push its AI platform into the US
Perk, the corporate travel and spend management group that until last year traded as TravelPerk, has closed a $300 million private credit facility, money raised as debt rather than equity and at a scale the company says few technology firms have reached in the current market.
The facility is led by Neuberger Specialty Finance, the private-credit arm of investment firm Neuberger Berman, with Blue Owl Capital, Hercules Capital, and Liquidity participating. It upsizes and replaces a 2024 credit line of $134 million, which Perk took out alongside its acquisition of the US corporate-travel firm Amtrav, on what the company calls materially improved terms.
In 2025, Perk crossed $300 million in annualised revenue and grew sales 48%, figures it cites in describing itself as the fastest-growing platform in its category. Gross margins have risen from 40% to the mid-70s over three years, a shift the company attributes to its use...
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