The US Bankruptcy Court gave an order to MediaShift, Inc. to obtain DIP financing on a final basis on December 30, 2015. As per the order, the debtor has been authorized to obtain a senior secured, super priority revolving credit facility in the amount of $0.43 million from MediaShift Holdings, Inc. The DIP loan would carry an interest rate of 12% p.a., along with an additional 4% p.a. interest in the event of default. The DIP facility would mature either on January 31, 2016 or on the date of close of any sale of all or substantially all of the debtors' assets, whichever is earlier.

Adequate protection would be provided to the DIP lenders in the form of super-priority administrative expense claims which is subject to a carve-out of $0.05 million towards unpaid professional fees / administrative expenses and first priority lien upon and security interest in the debtor's collateral. The proceeds shall be used for working capital and general corporate purposes and to pay the costs and expenses related to the administration of the cases. George C. Webster of Drinker Biddle & Reath LLP acted as legal advisor for MediaShift Holdings.