Essex Capital Arranges $10.0 Million Term Debt Facility


Tampa, Florida – WEBWIRE – Monday, January 13, 2014

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.


( Press Release Image: http://photos.webwire.com/prmedia/12031/184450/184450-1.jpg )


WebWireID184450




 
 term debt
 working capital
 growth financing
 unitranche debt
 online travel
Contact Information
Robert Swain
President
Essex Capital Group
(1) 813-837-3500
rob@essexcapitalgroup.com


This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.