Perk Secures $300 Million Credit Facility to Accelerate Global Growth of Its AI-Native Platform
Perk (formerly TravelPerk), the AI-native travel and spend management platform, today announced the close of a $300 million private credit facility led by Neuberger Speciality Finance, alongside Blue Owl Capital Inc. (
NYSE: OWL), Hercules Capital Inc. (
NYSE: HTGC) and Liquidity. The facility upsizes and replaces Perk's 2024 credit facility on materially improved terms.
TravelPerk rebrands to Perk, the intelligent platform powering real work
TravelPerk today announced its rebrand to Perk, launching a new platform that unites travel and spend management in one seamless, AI-native experience. The rebrand also marks the next step in the company’s transformation, with a broader mission to eliminate the hidden, time-wasting tasks that drain productivity - from booking trips and filing expenses, to coding invoices and chasing approvals.
