Vice Media has found financing to fuel the company's newly reworked plans for expansion. The Nancy Dubuc-led company has secured $250 million in debt from investment firm 23 Capital as well as billionaire George Soros' firm, Soros Fund Management, and investment groups Fortress and Monroe Capital. “With this capital investment, Vice's growth plans can be accelerated, allowing us to execute our new leadership’s strategic vision for the company," stated a Vice Media spokesperson Friday.

Investment banking firm Guggenheim Securities, LLC was the financial adviser, and law firm Shearman & Sterling was the legal adviser. (The Wall Street Journal first reported the $250 million debt investment.) This move marks the first round of financing for the company since it raised $450 million from private equity firm TPG Capital in 2017, when co-founder Shane Smith still held the title of CEO. At the time, Vice Media was said to be valued at $5.7 billion. In March 2018, A+E Networks chief Dubuc was hired by Vice Media as its new CEO, with Smith stepping in to the executive chairman role.