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Stonegate Capital Closes on Revolver, Stretch Term Loan for Zoom Media Group

May 04, 2018, 09:00 AM
Filed Under: Media

Stonegate Capital has closed on a senior secured debt facility, consisting of a revolver and stretch term loan, for Zoom Media Group, Inc., the leading media and marketing company focused on fitness and health club venues in the U.S., Canada and U.K.  Zoom approached Stonegate in December 2017 with a targeted goal of expanding its credit facility to support its continued growth. “After meeting with Brian Lindy, CFO, and the rest of the Zoom management team, we were extremely excited to customize a multi-jurisdictional debt facility that would support their goals.  They are undoubtedly a best in class team delivering preeminent advertising content to the fitness industry, and we are looking forward to our partnership going forward,” said Jay Fabian, Director, who led the Originations team for Stonegate.

“I have found the entire Stonegate team, specifically Jay Fabian and Tony Cappell, to be incredibly professional and efficient” said Brian Lindy, CFO of Zoom. “They quickly learned about our business, approved a term sheet, and delivered on everything we had hoped for. The minor negotiations that can sometimes get bogged down with other institutions were quickly resolved which sped up funding and kept costs to a minimum.  Post close, Stonegate has continued to be easy to work with and we truly feel that they are in our corner helping us to grow our company.”

The funding on the debt facility for Zoom Media highlights Stonegate’s structuring flexibility and closing efficiency into the asset based plus stretch market, and further contributes to the growth momentum Stonegate is experiencing in the lower middle market.


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