Angie’s List Inc. (NASDAQ: ANGI) made waves in the news Wednesday with a potential buyout waiting in the wings. The company also has just restructured its debt with a new credit facility, which could make it more appealing for a sale, considering how the company has not been the most favorable of late.

According to multiple reports after the Financial Times, Angie’s List has hired bankers to help it explore strategic options. This is street lingo for the company wanting to explore a sale. Of course, a number of options could fall under strategic alternatives.

Angie’s List entered into a new $85 million credit agreement on Monday with TWC Asset Management. The agreement consists of $60 million senior secured term loan facility and a $25 million senior secured delayed draw facility, which will be made available for borrowing through the third quarter of 2017. The company used a portion of the proceeds to retire $15 million of debt from a previous credit facility.

Tom Fox, Chief Financial Officer at Angie’s List, said:

With our previous credit facility scheduled to mature in 2015 and an attractive interest rate environment, it is the right time to refinance our debt. The new debt structure will provide us with additional flexibility and liquidity to continue to invest in growth while reducing our interest rate and further strengthening our balance sheet.

In the first two hours of trading, Angie’s List was trading at $7.97, roughly 25% above the previous close $6.37. The stock has risen as high as $8.73 on the day — a 37% gain. This is a noticeable gain going into earnings as the stock has been slowly sliding downward over the past year. The stock posted an all-time low on Tuesday of $6.28. Perhaps a sale would not be the worst thing to happen to this company, assuming someone wants it. When Angie’s List first came public, our big point was that Angie’s List just didn’t seem like a company that needed to be public.

The company has a consensus price target of $12.58 and a 52-week trading range of $6.28 to $21.32. Its market cap is $466 million.

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