ORIX Leveraged Finance announced today the closing of an increased senior debt facility to Event Photography Group, a portfolio company of Friend Skoler & Co., Raymond James Capital, ORIX Leveraged Finance, and management.
Event Photography Group is a photographer and marketer of images to consumers, including graduation, endurance race, and mall-based holiday photos. The company is based in Chesterfield, MO (www.eventphotographygroup.com).
“We are pleased to continue our long-standing relationship with Event Photography Group and support the very unique, growing business with a flexible credit facility that accommodates the needs of the company,” said Ted Thorp, director and co-head of ORIX Leveraged Finance.
Proceeds were used to fund acquisitions of complementary photography businesses and to provide liquidity to support the company’s expected growth. ORIX Leveraged Finance served as lead arranger and administrative agent, partnering with Carlyle GMS Finance, who also participated in the upsized credit facility.
“ORIX and Carlyle GMS Finance have been constructive business partners who have steadfastly supported our consolidation and growth initiatives for the past six years with creative and flexible financing solutions,” said Paul Rasmussen, president of Event Photography Group.
ORIX Leveraged Finance, a business unit of ORIX USA Corporation, provides from $5 million to $50 million of debt and equity capital to small and mid-sized businesses that have from $5 million to $30 million of EBITDA. ORIX Leveraged Finance is based in Dallas (www.orixleveragedfinance.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-30-13
