A $400m term loan and $50m revolving credit facility for Bird have closed in a financing structured as a dividend recapitalization and shareholder liquidity event. J.P. Morgan is administrative agent on the package, with J.P. Morgan, Capital One and Citi acting as joint lead arrangers and joint bookrunners.
The seven-bank syndicate also includes Silicon Valley Bank, Mitsubishi UFJ Financial Group, Flagstar and Huntington. Proceeds will be used to provide liquidity to existing shareholders, including current and former employees who hold equity in the business.
Bird, formerly MessageBird, is an AI communications infrastructure company founded in 2011 by Robert Vis and dual-headquartered in New York and Amsterdam. The company provides communications software for customer engagement across channels including messaging, voice and email.
Its platform includes Agentic Harness, which the company says lets AI agents send messages, place calls and manage email. Bird has positioned the product as part of a broader shift from traditional communications-platform-as-a-service software toward AI-led customer operations.
The company said it generated $165m of EBITDA in 2025 and has reduced headcount from a peak of more than 1,000 to 120 through automation. Bird also said it is accelerating its push in the US market, where it has been expanding commercial activity alongside its Amsterdam base.
The recap follows several large equity financings earlier in Bird’s life as a private company. Bird raised an $800m Series C extension in 2021 featuring Tiger Global, Eurazeo and Owl Rock, after a 2020 financing round valued the business at $3bn.
The new financing gives shareholders a route to liquidity without positioning the proceeds as primary capital for expansion. For Bird, it also marks a shift from the high-growth equity funding environment in which it last raised major capital to a profitability-led capital structure backed by a bank syndicate.