LOS ANGELES, California\u2014October 30th, 2018\u2014<\/strong>DreamHost\u00ae, a global leader in web hosting<\/a> and Managed WordPress<\/a> services, is pleased to announce the completion of a new $18 million credit facility with J.P. Morgan.<\/p>\n\n\n\n \u201cThis financing provides DreamHost with substantial economic opportunities and lower borrowing costs as we aggressively pursue growth by investing back into our people and into our customers\u2019 success,\u201d<\/em> said Ho Yun, Controller at DreamHost. \u201cWe are thrilled to join forces with J.P. Morgan and leverage their expertise in both domestic and international operations.\u201d<\/em><\/p>\n\n\n\n DreamHost selected J.P. Morgan based on its comprehensive range of financial solutions and capabilities, which include extensive experience managing merchants with high-volume credit card transactions and its strong expertise in international markets.<\/p>\n\n\n\n \u201cWe see J.P. Morgan as a true strategic collaborator for facilitating operational improvements for our many customers worldwide,\u201d<\/em> Yun added.<\/p>\n\n\n\n \u201cAs a pioneer in the web hosting space with strong operational cash flow, sizable customer base, and growing international presence, DreamHost is a great client for J.P. Morgan\u2019s technology portfolio,\u201d<\/em> said Raj Morey, Executive Director with J.P. Morgan\u2019s Middle Market Banking Technology Practice. \u201cWe\u2019re proud to have been selected by DreamHost for the next step in their journey.\u201d<\/em><\/p>\n\n\n\n Flexibility in both the repayment schedule and the covenant structure provide DreamHost with significant ability to grow and reinvest in core aspects of its business as it continues to deliver a top-tier managed WordPress experience to its hundreds of thousands of customers worldwide.<\/p>\n\n\n\nAbout DreamHost<\/strong><\/h2>\n\n\n\n