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Live Media To Fund Acquisition With Citizens Credit Facility

Jan 5, 2016 | Reprints | Unlock Link | Print

A California-headquartered media event streaming company recently closed on an $11 million credit facility to finance its latest acquisition.

Live Media Group Holdings will use the senior secured credit facility from Citizens Bank, in part, to fund its acquisition of Sureshot Teleproductions in Middlefield, Ohio.

Live Media streams events like the World Series, studio movie premiers and live case Q&A sessions. The company also owns, leases, operates and has an equity interest in venues across New England.

“Live Media Group has an excellent business operation,” Lisa Maass, president of Citizens Bank, Connecticut, said in a statement. “We are very pleased to be able to help the Live Media management team achieve their strategic and financial goals and we look forward to working with them in the future.”

Banking & Lending