I would expect so, but since no press releases, how would one not under GOSY's NDA know?
Please recall that it is taught in grad b school that debt financing is cheaper than equity financing. Fed tax laws subsidize debt financing is why.
So of course Spencer would have exhausted those debt avenues. BTW, have you noticed that the US has had the worst recession since the Great Depression, and that most, if not all, small businesses are credit starved? It's on the news pretty routinely these days.