Essex Capital Arranges $10.0 Million Term Debt Facility
Essex Capital Group, Inc. (“Essex”), announced the closing of a $10,000,000 term debt facility for BookIt.com, Inc., (“BookIt” or the “Company”), a privately-held online travel agency based in Panama City Beach, Florida. The Company (www.bookit.com) provides travel packages to leisure destinations across the United States, Mexico and the Caribbean.
The new debt facility will allow the Company to fund working capital and support growth opportunities and expansion, including further technology investment. The deal was funded by a public specialty finance firm.
Tom DiBacco, Vice President of Business and Finance, commented, “BookIt.com has been operating for about 10 years without taking on outside capital. We’re excited to have secured funding needed to open up additional opportunities and continue our strong growth trajectory. I’d like to thank Essex Capital, as their wealth of knowledge and connections in the small to midsize debt markets proved invaluable for us. Bob and Rob know how to get a deal done.”Essex Capital acted as the Company’s exclusive advisor in this transaction.
About Essex Capital Group
Essex Capital Group, Inc. (www.essexcapitalgroup.com) is a Tampa, Florida-based corporate finance firm serving small and middle market privately-held companies located throughout the United States. With extensive capital markets experience, Essex provides creative solutions to businesses in need of financial restructuring. Typical advisory services include balance sheet recapitalizations with senior and subordinated debt. Since inception in 2003, Essex has successfully raised in excess of $400 million for its corporate finance clients.
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- Contact Information
- Robert Swain
- Essex Capital Group
- (1) 813-837-3500
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