Monroe Capital Supports Gas Station TV and Verifone Pump Media Joint Venture
Chicago, IL, April 13, 2017
Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a unitranche credit facility to support the 50-50 joint venture of Gas Station TV (“GSTV”) and Verifone Pump Media. GSTV is owned by Rockbridge Growth Equity and Falcon Investment Advisors.
Based in Detroit, Michigan, GSTV is the largest and most sophisticated national video network reaching active consumers. The company delivers one-on-one exposure to hundreds of millions of viewers every month at the nation’s leading gas stations across the United States. Verifone Pump Media is a subsidiary of Verifone, a world leader in payments and commerce solutions. The combined business will operate under the GSTV brand and deliver 3.3 billion annual impressions through more than 18,000 locations in all 50 states by year’s end.
About Monroe Capital
Monroe Capital LLC is a leading provider of senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly. Monroe is committed to being a value-added and user-friendly partner to owners, senior management and private equity sponsors. Monroe has been recognized by Private Debt Investor as the 2016 Lower Mid-Market Lender of the Year; M&A Advisor as the 2016 Lender Firm of the Year; Global M&A Network as the 2016 Small Middle Markets Lender of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. To learn more about Monroe Capital LLC, visit www.monroecap.com.